Bitcoin Poised for Final Spike High; Sharp Drop Likely in Nov/Dec ‘21

10/30/21 Weekly Re-Lay – “Bitcoin dropped about 15% after reaching its 2 – 3 month upside target (68,325/BTZ) and initially peaking.  It was unable to turn its daily trend down while dropping right to its rising daily 21 High MAC and reversing higher.  That ushers in the possibility for a retest of the recent high before a further drop to 54,000 – 56,000/BTZ.”

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Bitcoin is fulfilling what its monthly and then weekly trend indicators have projected – a surge to new all-time highs (~66,000+/BT) before a major top becomes most likely.  If Bitcoin can peak in the coming week(s), it will powerfully corroborate the outlook for 2022!

What does this mean for the future of cryptos? How far could it drop into Dec 22 – 24 intermediate cycle low??    

Refer to latest Weekly Re-Lay & INSIIDE Track publications for additional details and/or related trading strategies.