Having endured the inexplicable rise in Bitcoin to nearly $80,000 on Sunday, I’m pleased to see it encounter some much-deserved weakness.
On a daily basis, the pattern is still absolutely gorgeous. It would be picture-perfect if we respected the Sunday high as THE high for this counter-trend rally. Indeed, as I was typing these words, we had another nice lurch lower.
I’ll be frank: this thing deserves to die.
