Why Bitcoin likely bottoms out in July

The SPX showed just minor downside follow-through after Tuesday’s reversal but might not immediately weaken down to prior lows ahead of the US July 4th holiday.   As mentioned, prices reversed on cue Tuesday due to a combination of Elliott-wave analysis with Gann analysis which provided price and time targets based on the prior June 16th bottom.  I expect that the next couple days might show prices attempting to stabilize and bounce by a minor amount.  Yet, trends now have turned bearish, and I do not anticipate that Tuesday’s highs of 3945...