📉🚀 Is Bitcoin's Rally Over? 🚀📉
🔹 The drop off Wave-I's high is slightly larger than Wave-F, the biggest drop of the entire G-wave rally.
🔹 This enhances the odds that Bitcoin has peaked for an extended period.
🔹 If Wave-G is over, Bitcoin could be in for a bad couple of years!
🔻 The decline off this year's high is larger and faster than Wave-F.
🔻 The odds are Bitcoin has topped for the rest of 2024.
🔻 Consequently, a much larger decline later this year is now in play.
🔮 Based on wave structure's outlook, expect a serious governmental crackdown in the next 1-2 years.
🔮 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? 🤔 #Bitcoin #Crypto #BTC #CryptoWatchMay2024