As Predicted, Bitcoin Tests Lows Again

We have been calling for Bitcoin to return to 18.6K since its meager rally through the 20K's. Finally, Bitcoin caved and hit our target. We had been wavering around 20K since late August and finally support gave. Indeed 20.7K proved to be a hard upper bound, and our newly drawn level at 19.5K could do little to provide support. However, as discussed here, 18.6K held. We tested this level exactly, with green triangles on the KRI to confirm the support. If this caves, the next level is 17.6K. Otherwise, 20K should be considered a hard upper bound for now.