Bit By Bit

 | Jun 08, 2021 12:30AM ET

I continue to hope my reluctance to re-enter crypto (based on my steadfast declaration that we’ll bottom at $21,000 on Bitcoin) is not misguided. It will be clear soon, because we are once again threatening this very important supporting trendline. BTC has lost about 15% of its value in just a few days, but what’s key is whether that line holds or not.