๐๐ Is Bitcoin's Rally Over? ๐๐
๐น The drop off Wave-I's high is slightly larger than Wave-F, the biggest drop of the entire G-wave rally.
๐น This enhances the odds that Bitcoin has peaked for an extended period.
๐น If Wave-G is over, Bitcoin could be in for a bad couple of years!
๐ป The decline off this year's high is larger and faster than Wave-F.
๐ป The odds are Bitcoin has topped for the rest of 2024.
๐ป Consequently, a much larger decline later this year is now in play.
๐ฎ Based on wave structure's outlook, expect a serious governmental crackdown in the next 1-2 years.
๐ฎ Governments may realize that financial decentralization via crypto will seriously threaten their ability to tax and spend.
What are your thoughts on the future of Bitcoin? ๐ค #Bitcoin #Crypto #BTC #CryptoWatchMay2024