Bitcoin update - 21 May 2025

Macro Outlook May 21, 2025

You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology.

We have revised the view on Bitcoin. Price has just successfully tested the 20 day FLD to post the last 20 day cycle trough in the longer set.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.

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Christopher Grafton CMT

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