Bitcoin’s Bursting Bubble Targets Drop to 13,800/BT! ~18,000 = Near-Term Support

06/18/22 Weekly Re-Lay – “Bitcoin has reached its second 6 – 12 month downside target (triggered at the Nov ’21 peak) near 20,000/BT and could spike below 18,000/BT before rebounding.  It remains on track for an overall decline into Sept ’22 and could easily reach its primary 1 – 2 year downside target at ~13,800.”

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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.

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.