By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
BULLISH – GOLD
NEUTRAL – BITCOIN, ETH
BEARISH – S&P 500
9/23/25 Closing Prices:
BTC: $111,782.22 -4.2% (Tue-Tue)
ETH: $4,165.76 -7.1% (Tue-Tue)
Gold: $3,716 +1.9% (Tue-Tue)
S&P 500: 6,656.92 +0.07% (Tue-Tue)
WANDERING HIGHER AND HIGHER, THAT’S HOW IT GOES
WHERE IT STOPS, NOBODY KNOWS
Talking about the financial markets, of course. Buying dips is getting riskier and riskier. But hey, it’s always worked. What could go wrong? Buy ’em and forget ’em.
Only a few days left until the end of the third quarter. Nothing so far this year has bothered or interrupted the ever-march to new highs. All-time highs. It would be reasonable to expect that end-of-the-quarter buying (window dressing, aka manipulation) will make sure the indexes post highs of the quarter/year. But come October, things may get a bit cloudy.
Cloudy? But it’s always sunny in the markets, right? Well, after this quarter there might be a lot of investors who will want to take profits. Why? The Fed cut interest rates once, with several more a big IF. Inflation is still high, and the effects of the tariffs may start to show up, adding to inflation. The employment situation is deteriorating as well. Yup, let’s take some money off the table.
Let’s discuss briefly.
Corrections and bear markets only start at tops in the markets. That’s where we are — at the top (or nearby). One can only imagine how many sell-stop orders are just under the markets.
Bitcoin. Holy cow. Is there anyone who is not looking at $150K, $250K, higher? REALLY HIGHER. Probably true, but first a shakeout. I am bullish… longer term. But if it’s all really good, why is bitcoin moving lower? So many bulls telling me the supply is getting eaten up fast. Institutions are huge buyers. Yet BTC moves lower. Hmmmm.
ETH, same story (lower price) as above.
Gold. WTF. There’s a bullish momentum asset. Why is gold going straight up and bitcoin drifting down? Hmmmm.
A sharp, vicious correction? October can be deadly.
S&P 500…..Bearish
GOLD…..Bullish
Bitcoin…..Neutral
ETH…..Neutral
2025 TARGETS:
- BITCOIN 2025………..?
- ETH 2025………………?
- GOLD 2025……………..?
- S&P 500 2025………….Down 25%
Current trading positions:
- BITCOIN…….LONG
- ETH….NONE
- GOLD….NONE
- S&P 500….Short
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
