Bitcoin Bubble & 40-Year Cycle: Aug 15/16 Cycle High Fulfilled.
08/17/22 Weekly Re-Lay Alert – “Bitcoin rallied into, and peaked during, the latest phase of a daily high-high-high-(high) Cycle Progression on Aug 15. That also fulfilled its intra-month uptrend, which projected a rally into Aug 15/16 and a reversal lower. Once again, Bitcoin failed to close above its late-July high – reinforcing that as pivotal intermediate resistance. That high had fulfilled Bitcoin’s initial upside target while also generating […]
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