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 – 0
NEUTRAL – S&P 500, GOLD, BITCOIN, ETH
BEARISH – ∅
11/18/25 Closing Prices:
BTC: $92,952.78 -9.7% (Tue-Tue)
ETH: $3,137.51 -8.9% (Tue-Tue)
Gold: $4,016 -1.5% (Tue-Tue)
S&P 500: 6,617.32 -3.3% (Tue-Tue)
Hmmmmm! Should have stayed in Hawaii. No tsunamis there, but a tsunami of market selling here.
It appears valuations really do matter. It also appears that the world totally convinced themselves that Bitcoin was going to hit $200K by year end (guilty here too). Coupled together and sellers have overwhelmed the already “over long” traders/investors and down we go.
Of course a lot of nervousness surrounds the economic news that will now be released with the re-opening of the government. Already data is expected to be “anti-bullish” and the expectations of a December interest rate cut have faded. Yes, maybe profit-taking before year end is prudent.
Since the markets have basically been straight up for quite some time now, roughly half the population has enjoyed a “wealth effect” holding up the economy. The wealthy spend, travel and enjoy. The other half of the populace that doesn’t have appreciating assets (aka stocks, crypto, homes, etc.) are struggling. Hello socialism. So again, what happens when the wealth effect goes south? We may find out.
Looking ahead, the economy slows, recession pops up and AI takes over all the jobs (lol). Not real good for stocks. Soooooo…….
What to do? I have been very happy being neutral on the S&P 500 and GOLD. I am staying neutral for a while as things sort out. Year-end bounce? More selling? When in doubt, sit it out. Got a lot of presents to buy and being liquid is nice.
BITCOIN and ETH? Oh boy. Still bullish (long term) but still nervous short term. So many locked-in bulls. Even Frank’s Pizza House in Fargo pledged his next 5,000 pepperoni pizzas to get a loan to buy BITCOIN (lol). If (IF) all those type buyers have gotten out, then this is a good place to buy BITCOIN/ETH. If not, look out below. I’m going neutral with a bullish eye.
This could be a very tricky year end. Be careful.
S&P 500…..Neutral
GOLD…..Neutral
BITCOIN…..Neutral
ETH…..Neutral
2025 TARGETS:
- BITCOIN 2025………..?
- ETH 2025………………?
- GOLD 2025……………..?
- S&P 500 2025………….?
Current trading positions:
- BITCOIN…….NONE
- ETH….NONE
- GOLD….NONE
- S&P 500….NONE
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.
