Bitcoin Projects Plunge into Sept ’22 Cycle Low!
01/05/22 INSIIDE Track – “Bitcoin is fulfilling the 2 – 3 month outlook for a drop to 40,000 – 42,000/BT – where crucial 3 – 6 month support resides. The intriguing thing remains the multiple levels of ‘5th’ waves that were fulfilled at its high in Nov ’21… A 15-month low (9/17) – low (12/18) – low (3/20) – low (6/21) Cycle Progression recurs in Sept ‘22 and could time the next major low.”
Bitcoin, in Nov ’21, fulfilled what its monthly and weekly trend indicators projected and what its overall wave structure necessitated – a surge to new all-time highs (~66,000+/BT) ushering in a major top in late-Oct/early-Nov ‘21. That also fulfilled the multi-year outlook for a major advance into 2021 when Currency War Cycles culminated.
Since then, Bitcoin has been projected to plunge into Sept ’22 – when monthly cycles project the next major low.
What does this mean for the future of cryptos?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.