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.
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