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Bitcoin Entering a Bullish Correction or Trend 6/23/21


On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into a correction exceeding $11,000—we have seen $36,720 so far, but this is now ON HOLD.

On a lower timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and bounced $4,510 settling back above $30,205. I warned that holding the exhaustion area and settling back above the $30,205 low is an early warning this move down from the high may be over, and the overnight break back above $32,815 (+5 per/hour) gives this added confirmation and also warns of decent renewed strength, likely for days/weeks and a likely run toward $41,330 (++).


NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Bitcoin and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.

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