Bitcoin Nearing Intermediate Peak II; Spike Above ~50,000 Still Possible

08/21/21 Weekly Re-Lay – “Bitcoin remains strong and is nearing a 1 – 2 month upside target near ~50,000/BT.  A spike up to the monthly LHR (~55,000/BTU) is possible in the short-term.  On balance, the monthly & weekly trends project a retest of the high near 65,000/BT.”

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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.