BRTI – CME Bitcoin Index (Last:27,896)

The manipulation of bitcoin’s price has become almost too tedious to watch. Price action is simultaneously boring and bizarre, since bitcoin doesn’t attract much interest from shorts. This is paradoxical, considering that cryptos have evolved into a purely speculative vehicle with little practical value in the world of goods, services and transactions.  The 30,873 target given here previously still obtains. It will be reached not because of any increase in bullish demand, but on the vapors of cyclical mood swings that give its canny handlers a riskless opportunity to withdraw supply and let ‘er waft on near-zero volume.