Bitcoin Plunges into Sept ’22 Cycle Low; Is Bottom Imminent?
09/06/22 INSIIDE Track Intra-Month Update – “Bitcoin… needs to spike to new lows in Sept ’22 in order to fulfill its ~15-month Cycle Progression…Bitcoin has already retraced .786 of its Mar ’20 – Nov ’21 advance – an extreme retracement for a market that has (previously) gone through a parabolic advance (‘bubble’).
That was fulfilled at 17,830/BTC – so a major, 1 – 2 year downside target has been reached…”
Bitcoin, in Nov ’21, fulfilled what its monthly and weekly trend indicators projected and what its overall wave structure necessitated – a surge to new all-time highs (~66,000+/BT) ushering in a major top in late-Oct/early-Nov ‘21. That also fulfilled the multi-year outlook for a major advance into 2021 when Currency War Cycles culminated.
Since then, Bitcoin has been projected to plunge into Sept ’22 – when monthly cycles project the next major low. Weekly cycles corroborate that and project a multi-month bottom by Sept 23.
What does this mean for the future of cryptos?
Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.