I expect Bitcoin’s manic rally, which has gathered force over the last month or so, to run out of steam shortly, since last week’s bold leap brought the NYSE’s Bitcoin Index (click on inset) to within an inch of some key Hidden Pivot resistances.  The chart shows two logical possibilities for the week ahead: 1) a top at 7353, slightly above last week’s high; or 2) a somewhat higher top at 7562 based on a lower point ‘A’ for the trend pattern. Neither of the point ‘A’ lows that I’ve used is sufficiently clear or compelling to permit a highly confident call, but my gut feeling is that the targets are good enough to warrant our diligent attention. Fortunately, some new bitcoin trading vehicles are scheduled to be listed over the next several months, including one by the CME that should significantly boost liquidity in cryptocurrencies and enhance the accuracy of charts that show their price action. In the meantime, the NYXBY chart shown will have to do. I’ll be interested myself to see how well my targets, based as they are on sketchy price action, work.  I see much higher price for Bitcoin ultimately, but the bull mania is overdue for a rest.