Bitcoin continues lower in ongoing wave, Mike Shedlock notes

Bitcoin continues lower in ongoing wave, Mike Shedlock notes
Bitcoin trends lower in wave five

Mike Shedlock, author / blogger at MishTalk, states that Bitcoin's price is still moving lower, continuing its decline in wave 5.

He notes that little has changed since March regarding Bitcoin's performance.

Shedlock has recently highlighted record auto delinquencies and near-record credit card stress, comparing current consumer credit risk to levels seen during the Great Recession in a prior report. He has also critiqued recent inflation measurements for excluding the top 60 percent of items, arguing that reported rates remain little changed when these items are left out, according to another analysis. These recent observations come as Bitcoin continues its downward trajectory.

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