BRTI – CME Bitcoin Index (Last:41,973)

Bertie has displayed little of its former market-leading brio lately, but it is nonetheless in a robustly impulsive uptrend that projects to as high as 51,556 over the near term. That target is speculative at this point, since the calculation uses a low at 42,011 on Friday that may not endure. A bigger picture using a ‘reverse’ pattern dating back to October offers the prospect of a run-up to as high as D=61,163, but we’ll need to see how bulls fare at p=47,070 before we can confidently assess the strength of the uptrend.