Crypto Jebb buys heavily in Bitcoin, plans to invest all income until CME gap closes.

Crypto Jebb buys heavily in Bitcoin, plans to invest all income until CME gap closes.

Bitcoin (BTC) has shown remarkable resilience this week, closing above the $116,000 resistance level and setting sights on the $120,000 mark. This upward trajectory is partly attributed to United States President Donald Trump's executive order allowing cryptocurrency assets in 401(k) retirement accounts [1].

The order, signed on Thursday, aims to include alternative assets such as cryptocurrencies, private equity, and real estate in 401(k) plans. This move has significantly boosted Bitcoin's price, with BTC closing above its critical resistance level of $116,000. The decision has been met with both support and criticism, with some arguing that it could introduce instability into retirement accounts while others see it as a significant step toward mainstream adoption of cryptocurrencies.

Adding to the bullish sentiment, Japan’s SBI Holdings has filed for a dual-asset crypto ETF, which, if approved, would provide more exposure to both BTC and XRP. This move is expected to be positive for Bitcoin and Ripple in the long term, as it would offer direct exposure to these cryptocurrencies in Japan’s financial markets [1].

Market participants also expect a rate cut in September by the US Federal Reserve, which could further support riskier assets like Bitcoin. According to the CME Group's FedWatch Tool, there is a roughly 90% chance that the Fed will lower borrowing costs at the next monetary policy meeting in September [1].

However, there are potential risks and challenges ahead. Donald Trump's fresh tariff threats this week have added a layer of uncertainty and volatility across crypto markets. Additionally, Bitcoin faces a significant hurdle in the form of an unfilled CME gap near $116,500, which could potentially disrupt its ascent and trigger a temporary correction [2][3]. If this gap is filled, it could momentarily disrupt Bitcoin’s upward momentum, but analysts anticipate that any pullback will be temporary and could pave the way for a fresh leg upward.

Despite these challenges, Bitcoin remains a popular investment among some investors, such as Crypto Jebb, who plans to invest heavily in Bitcoin and hold his positions until the CME gap is closed.

References:
[1] https://www.fxstreet.com/cryptocurrencies/news/bitcoin-weekly-forecast-btc-bulls-target-120-000-as-trump-moves-to-allow-crypto-in-401-k-plans-202508081000
[2] https://www.mitrade.com/au/insights/news/live-news/article-3-1029849-20250812
[3] https://cointelegraph.com/news/btc-to-fill-117k-cme-gap-5-things-bitcoin-this-week