BTC 9/21 9:00 AM EST update
Bitcoin has broken the downward trend! However, this is short-term. I see it going back to the 42,000-41,500 range during the day. This could be even lower depending on what happens in china in concern to the news regarding Evergrande. For those not familiar, Evergrande is defaulting on roughly 300 billion in loans spread across 150 banks globally. This has led to a lot of fear in ALL markets. Tomorrow will be a very critical point to see if lower lows are made. I still hold my position that is in line with the stock to flow model where we end September at a 43k btc.
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