Bitcoin Surges to New Highs, Fulfilling Monthly & Weekly Trend Signals

10/20/21 Weekly Re-Lay Alert – “Bitcoin has fulfilled exactly what its monthly trend pattern projected in mid-July and what its weekly trend pattern projected in late-Sept – a surge back to/above its mid-April ’21 peak (~66,000/BT, 68,325/BTZ) and a high near that level.  October’s monthly LHR is 69,445/BTZ and could be tested before a peak is set.

This action is closely coinciding with the launch of the first US Bitcoin ETF – a perfect time for an affirmation of the new adage – ‘buy the rumor, sell the launch’.”

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Bitcoin is fulfilling what its monthly and then weekly trend indicators have projected – a surge to new all-time highs (~66,000+/BT) before a major top becomes most likely.  If Bitcoin can peak in the coming week(s), 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.