Update on Bitcoin: Jul 21, 2021

In our last update [see: May 19 Update] we noted that BTC had reached our downside target of 30,108 months ahead of schedule and was due for a rebound.

The bigger picture indicates we should see a reversal here with at least a backtest of the SMA200 at 39,800ish.

As it turned out, BTC backtested the SMA200 the very next day – failing to break back above it and beginning a long, slow decline which continues to this day.  There are as many opinions about its future as there are billionaires blasting off into space. We’ll take a fresh look at what the charts, which have been incredibly accurate to date, have to say.

continued for members


Sorry, this content is for members only.

Click here to get access.


Already a member? Login below

Remember me (for 2 weeks)

Forgot Password