In my last post on Tuesday 14th October I was looking at the double top that had just broken down on Bitcoin. I was leaning towards this rejecting back up to the highs along with equities, but that high retest has been playing out on equities without any meaningful participation so far from Bitcoin (BTCUSD), Solana (SOLUSD), or Ethereum (ETHUSD). Last week Bitcoin actually broke and closed below the weekly middle band, in what was a significant support break.

This is bearish and the odds of that double top on Bitcoin playing out have risen considerably. If that double top plays out then there will likely also be serious further support breaks on Solana and Ethereum of a kind that would suggest that the bull market may have already ended on both, and possibly all three. This is what I wrote at the end of my last post:

‘If Bitcoin does reach the double top target would the bull market be over? No, but it would increase the chance that it might be. I would still be leaning towards at least a retest of the all time high from there but that might be forming a double top that could end this bull market cycle. There would also likely be some serious technical damage done on Ethereum and Solana while that played out.’

In my post on Tuesday 16th September I was looking at the possibility that we might see a modest retracement (by Crypto standards) on Crypto over the rest of the week and into the end of September, during the last significantly bearish leaning period (on equities) this year.

In my post on Wednesday 24th September I was looking at the possibility that the low on that retracement had been made and giving the obvious targets below in the event that Bitcoin (BTCUSD), Solana (SOLUSD), and Ethereum (ETHUSD) went lower.

As it turned out the short retracement low was in, all three recovered back over their daily middle bands and Bitcoin then made a new all time high.