In our previous Compass, we considered the $93K–$95K range as Bitcoin’s immediate territory and anticipated a potential breakout, which indeed occurred. We noted:
That’s why a basic principle of range formation is to avoid entering in the middle of the range — and certainly not at the top. The upper boundary is also well-defined: $97K–$98.5K. Historically, this area has acted as a transition zone toward $100K, with price often getting rejected both on the way up and down.
Now that Bitcoin has retraced back into the $94K–$95K zone, what are the next steps?
The Oracle of Omaha: A Changing of the Guard.
This weekend marked the end of an era. Following Berkshire Hathaway’s annual Shareholder Meeting, Warren Buffett announced his retirement after 55 years as CEO. Under his leadership, the company delivered a historic 5 million percent return, consistently outperforming the S&P 500 since 1964.
A legendary investor, Buffett symbolized a bygone era, one grounded in fundamentals, skepticism of hype cycles, and a strong bias toward value over speculation. As of March, he was sitting on a record cash pile and had become the largest U.S. bondholder, surpassing even the Fed.
A long-time critic of Bitcoin, Buffett represents a generation of investors nearing extinction. At 94, he leaves behind a legacy that shaped decades of capital allocation. They called him “The Oracle of Omaha” for a reason. He foresaw markets with uncanny precision, but he never understood Bitcoin. Or did he?
Speedometers indicating the current state of BTC. The full dot represents the current reading and the white dot represents one week ago.
As U.S. futures opened in the red, Bitcoin reacted with a dip, retesting the $94K level. However, Bitcoin has not only decoupled from the indices, it has outperformed them.
Bitcoin Correlation Profile.
This strength has been driven by Bitcoin’s fundamentals and a critical detail: the recent rally seems to have preempted a bottom in traditional markets. Bitcoin moved first, forming a local bottom ahead of equities and showing a roadmap for recovery.
TradFi markets are stabilizing, but trade war noise and conflicting statements from Trump—one moment claiming progress with Chinese authorities, the next being contradicted—highlight one truth: investors have grown numb to this volatility.
There’s fatigue in the market. The headlines no longer ignite fear. That alone...
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