Right On The Money: No Crypto Surprise
Tim Knight | Jul 14, 2021 12:50AM ET
The crypto charts, dull as they are these days, continue to behave precisely as the charts would anticipate. Here is Bitcoin, which is ever-so-slowly meandering its way down to the $30k support level. We need a “shock event” to slap it out of its slumber and, I suppose, send it reeling to my $20k target.
Ethereum has likewise obediently turned tail from its trendline. I think $1500 is an easy target.
Of course, there are also the wise souls who decided to dedicate their assets away from the US dollar and into a store of value like the Internet Coin, which is worth 5% what it was just a couple of months ago.
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