“and today is as good as any, for the insanity to reach it’s peak and reality to replace fantasy!” That was the last part of my concluding sentence yesterday, regarding the level of Bitcoin insanity.

Rechecking the charts, and given yesterday’s pop back over 100K, I still believe that as long as the ATH above 108K isn’t breached, Bitcoin will begin a significant correction within the next week or so.

At current levels, it is trading almost equidistant between that ATH and the recent correction low around 92K. Those should be the trigger points to either being wrong and a new ATH taking place, or being correct and a likely drop towards the 200 day mvg. avg. being the target. For now, I am just watching and waiting. A trade may present itself around this Friday or next Monday.