So after tagging the first marker that I outlined for Bitcoin of 90k, it fell below that and proceeded to rally for the rest of yesterday. Today it has continued to rally right up to the 50 day mvg. avg.

This should end the bounce, but how fast and how long it is going to take for Bitcoin to reach the critical marker of 85k, will most likely coincide with what stocks do the rest of this week. If the selloff resumes so should the drop in Bitcoin. If not then it just extends the timeframe for the ultimate target to be reached.

What this spike did was provide another great opportunity to go short either with BITI or the SMST vehicle that leverages the downside in MicroStrategy.