As long as Bitcoin holds the $14,650 level, we believe that the volatility that we have been experiencing since November 2021 is part of a larger uptrend.It’s important to keep in perspective that over the last 10+ years, BTC transactions and adoption has been on a steady upward trend with minor pullbacks along the way.If Bitcoin can break above the $21,650 level, and sustain a push above this region, the odds will further favor the start of a final 5th wave push higher.In August of 2019 we released our first premium report on Bitcoin (BTC-USD). At the time, Bitcoin was trading between $10,000-$11,000, following a bounce greater than 200% in less than a year.We believed Bitcoin had provided strong evidence that a meaningful low was put in, and that a new bull cycle was starting. In our premium report, we stated that we expect a drawdown to at least the $7800 region, and that we would wait for this to happen before starting a position. More importantly, we were targeting the $65,000-$75,000 region in the coming year.Here’s a snapshot of our 2019 report:Chart Made by AuthorThis was a bold call at the time, -- and yet the call materialized. The same system we used to target the $65,000 region in 2019 is the same system we are using to target the $88,000 - $110,000 region in the next uptrend.We work in probabilities, and therefore manage risk accordingly. As long as any additional weakness in Bitcoin holds the $14,650 level, we be...
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