Bitcoin Confirming Top II; Plunge to 42,000/BT Possible in 2021

11/20/21 Weekly Re-Lay – “Bitcoin peaked in sync with its daily trend pattern – projecting a subsequent decline to at least 54,000 – 56,000/BTZ (which has initially been fulfilled) and potentially down to 49,000, possibly 42,000/BT.”

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Bitcoin fulfilled what its monthly and then weekly trend indicators have projected – a surge to new all-time highs (~66,000+/BT) ushering in a major top.  On Nov 10, Bitcoin produced an outside-day/2 Close Reversal sell signal – providing the first sign that a major top is taking hold… and more confirmation is evolving.  It could drop as low as 42,000/BT before year-end.  If Bitcoin can sell off sharply in Nov/Dec ‘21, it will powerfully corroborate the outlook for 2022!

What does this mean for the future of cryptos? How far could it drop into Dec 22 – 24 intermediate cycle low??    

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.