Update To My Bitcoin Observation

Now that Bitcoin™ has once again dominated the mainstream business/financial media with all the prior so-called “experts” knocking down their own mothers as to get in front of any camera, microphone or keyboard and testify why this time “this is it!” All while sheepishly trying to avoid any references to their prior prognostications that weren’t just wrong, but miserable total failures costing some their entire life savings, but I digress. I thought I’d just throw my hat back in and update what I was thinking last time with today’s newest highs in the $13K range.

So with that said here is my updated prognosis and what I see may be evolving. (original “on the record” call can be found here) Doesn’t mean that I’m correct, even though I seemed to have been one of the only one’s that was prior, but that’s a side point. As always, nobody knows for sure. And if someone says they do, don’t just walk away, but run. To wit:

(Chart Source)

As you can clearly see it has done what was entirely possible (and I said as much back then) from a technical perspective. But it’s far from the “winter’s over” moment that many are and have stated. At least that’s my view.

Because now, and from that “view,” it has to do the most impressive part of the journey, which is: Stay there – and go even higher. As in: much higher. Because if it does not?

The above states what I think.

As always, we shall see.

© 2019 Mark St.Cyr