Bitcoin Bottoms on Sept 22 – 24; Weekly Trend Projects Surge to New Highs
09/30/21 INSIIDE Track – “Bitcoin remains strong but has consolidated after spiking up to ~53,500/BT in Sept. It has since corrected and twice neutralized its weekly uptrend, ushering in the ideal time for a new advance. Monthly & weekly trends project new highs (~65,000+/BT).”
Intermediate cycles projected multi-week lows for Sept 22 – 24 and possibly Dec 22 – 24 – with surge to new highs expected in between. Weekly trend pattern concurs. Based on its monthly trend pattern in June ’21 – while fulfilling downside targets at ~29,000/BT – Bitcoin continues to project an overall surge to new all-time highs (above 65,000/BT) before a major top becomes most likely. If Bitcoin can peak in 4Q ’21, it will powerfully corroborate the outlook for 2022!
What would that mean for the future of cryptos?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.