BRTI – CME Bitcoin Index (Last:65,968)

A two-day close above the trendline would likely signal an end to Bertie’s insufferable tease. It is a consolidation, of course, but enabled by sponsors who evidently are too gutless to lift the lid until significantly higher prices seem like a sure thing. Perhaps they can enlist the help of Roaring Kitty or some other flashy stock tout who has the ear of a malleable Wall Street Journal reporter? In any case, when Bertie finally takes off, which it sure as shootin’ will, you can bet that its infinitely patient handlers are shooting for $80k or higher. ______ UPDATE (June 15): We all know that Bertie will fly toward $80,000 just as soon as its handlers sense that the time is right. Not quite yet, evidently, since this bitcoin proxy has fallen moderately since it last flirted with the trendline shown in this updated chart.  The above analysis can stand, to wit: It will take a two-day close above the trendline to trigger a breakout that should be regarded as inevitable. For your further guidance, the trendline will decline to around 71,171 by Friday.