Update on Bitcoin: Nov 26, 2021

BTC reached our next downside target, the SMA100 and cloud bottom added just last week [see: Nov 19 Update.]

BTC reached our next downside target, a 17.2% drop from our short call on Nov 8, reiterated on Nov 9 and 10. The cloud bottom and SMA100, currently at 53,160, is the next target/support.

Bitcoin, off 22% since recent highs, is now officially in a bear market.  As we discussed last week, there is substantial downside if this support doesn’t hold.

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