Bitcoin Retest & Rally 🔄 All Systems Go?

Knowledge is power :)

Author

Brendan Chaplin
June 15, 2025

Hey friend,

Bitcoin closed Friday at $104,861, after fluctuating between $108,376 and $103,081. A solid range that confirms what we’ve been expecting: a textbook retest phase after a breakout.

No drama. Just data. And momentum building.

🌀 MARKET CYCLE CHECK-IN

Right now, we’re in the retest phase: a healthy pullback after a surge. It’s setting the foundation for another leg higher into May and beyond.

Raoul Pal said it clearly:

“Every cycle looks the same: breakout, retest, banana zone… What’s next is banana three.”

He also reiterated that global liquidity is on the rise — and that’s always bullish for Bitcoin. Patience is all it takes.

đź’Ľ INSTITUTIONAL MOVES

  • MicroStrategy added more BTC. They now hold over 500,000 BTC â€” more than 1% of total supply.

  • Their new Stride Preferred Stock (STRD) launched this week, offering a 10% annual dividend, backed by covered-call income and future Bitcoin holdings.

  • BlackRock continues to buy Bitcoin through their IBIT ETF. Quiet accumulation, massive volume.

  • Trump Media and affiliated voices continue the narrative of Bitcoin as a strategic asset. There’s now serious talk of a U.S. strategic Bitcoin reserve.

đź’¸ INCOME THROUGH BITCOIN VEHICLES

Want to earn yield and hold BTC?

  • MSTY (MicroStrategy’s option-income fund) is paying out 5–8% per month â€” up to 100%+ annually â€” while still holding Bitcoin.

  • These distributions come from covered calls, not selling core assets.

  • IncomeShares ETFs are doing similar — offering monthly income on assets like Tesla and MicroStrategy without needing to sell your shares.

Institutions are solving the age-old crypto problem: how do you live off your holdings without selling?

🔄 PRICE ACTION & PATIENCE

Bitcoin’s trading above $104K and showing strong support. No cause for concern. This is not a top — it’s a foundation.

Anthony Pompliano nailed it:

“Bitcoin has closed above $100K for 45 days… that’s less than 1% of its history. It’s still early.”

🕰️ PATIENCE IS THE EDGE

The most powerful skill in investing?

Patience.

If you believe the Bitcoin thesis — scarcity, decentralisation, global demand, institutional growth — then stop refreshing the charts every 10 minutes.

Time in the market > timing the market.

Bitcoin rewards those who wait. It always has.

See you next Sunday.

Brendan
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