Bitcoin I posted this chart on June 10th when we were expecting a short-term top to be followed by a two-week decline into the last week of June. Bitcoin was trading at $37,152 at the time and the EW pattern was calling for one more leg lower. Here is Bitcoin today, the day of the anticipated short-term low, now trading at $33,737: If this cycle is still in control, Bitcoin should bottom in the next day or two and rise into the next cycle high, July 10th. If it doesn't it run-up it might be time to reassess the cycle and maybe the Intermediate Term Bitcoin narrative. This is why: While Bitcoin continues to expand its influence, being adopted by a myriad of global deep pocketed financial institutions and even entire countries, it is still 50% below its April highs. It is having trouble getting out of and staying above of the $30K's. That's why the next few weeks, when cycles are pointing up, are so important. Above $40K all is forgiven. Below $30K means new lows are lurking. TSLA Swoosh, nothing but net. We will be tracking the Jun 2023 $1,200C in the Premium Service
