Bitcoin Negative into Sept ’22; Late-June = Intermediate Low!
05/14/22 Weekly Re-Lay – “Bitcoin is reinforcing the overall 2022 outlook for an ultimate decline (on balance) into Sept ’22 – that would be reinforced by a low in May ’22. It reached its primary downside target for 2022, spiking down to ~27,500/BTC where its monthly HLS and 6-month HHL converged. However, the weekly close was back above the June ’21 low, showing that Bitcoin is initially holding that support. This […]
Read more