Bitcoin Negative into Sept ’22 Cycle Low; 1 – 2 Year Downside Target in Focus!
05/11/22 Weekly Re-Lay Alert – “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 – and down to ~29,000/BT. Since it has just reached that decisive downside price target, Bitcoin could ultimately drop lower in 3Q ‘22. In the short-term, ~27,500/BTC is the monthly HLS and 6-month HHL (range) objective. It continues to correct […]
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