We’ve been in a tug-of-war with this rabid weasel, hoping against hope that it will get just a teensy comeuppance — a fake one, admittedly — with a feint below the grandiose 100,000 level. Saylor et al. must be quite pleased that there are no serious sellers in this vehicle, let alone short sellers. Holding it aloft is as easy as keeping a beach ball afloat in a swimming pool. My downside target remains 97,616 nonetheless, but in the meantime, I see a possible bottom-fishing opportunity at 102,053, a proprietary ‘voodoo’ support. This is a slight revision of a 101,174 correction target given earlier. Risk no more on the stop-loss than you would on a 20-to-1 filly that had a promising morning workout. ______ UPDATE (Jun 24, 9:52 a.m. EDT): Looks like Sunday’s print at 99,039 will be as low as this charmless little hoax will go. I haven’t given up on the 97,616 target, but we should put it aside now for the sake of practicality. The next stop on the way up will be at 109,243 (corrected upward on 6/24 at 3:08 p.m. EDT), my minimum objective at the moment.
BTCUSD – Bitcoin (Last:105,152)
