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📈 Check out the historical #Bitcoin prices at each #Halving event: 2012: $100 2016: $65,000 2020: $880,000 2024: $6,XXXXX (Adding a zero every time!) 🚀💰 #Crypto #BullorBear #bitcoinhalving

📈 Check out the historical #Bitcoin prices at each #Halving event:

2012: $100

2016: $65,000

2020: $880,000

2024: $6,XXXXX (Adding a zero every time!) 🚀💰 #Crypto #BullorBear #bitcoinhalving

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📉 The drop off this year's secondary high is large enough and fast enough to suggest the downtrend began. 📊 On monthly charts, this is starting to have behavioral characteristics of an expanding triangle. 🔵 The blue dashes represent my "best guess" of action into summer. 📈 Using the monthly price evidence, an expanding triangle appears underway (just a little larger than previously expected), so I moved wave-a to this month's low with wave-b now forming. 📉 If correct, we'll see Bitcoin slowly break May's low with wave-c dropping a little more in price than wave-a (it should also take more time). 💡 Expanding patterns tell us most traders are bullish on Bitcoin and not expecting a decline. #BTC
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Navigating the Bitcoin Investment Landscape: ETFs vs. Direct Purchases
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📉🚀 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
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📉 Potential Downward Trend in Bitcoin 📉 The recent drop-off from this year's secondary high in Bitcoin has been significant and swift, indicating the possible onset of a downward trend. While last week saw a brief bounce, it was relatively small compared to the preceding decline, and prices are now trending lower once again. Upon closer examination, measuring the three-legged decline from this year's high and subtracting it from the price/time move off this year's secondary high reveals substantial coverage, suggesting the emergence of a new, expanding biased decline. To validate this hypothesis, Bitcoin must breach April's low within the next 1-2 weeks and experience a more pronounced decline compared to the original three-legged drop-off from this year's high (as depicted by the blue dashed projected line). Stay tuned for further updates as we monitor Bitcoin's movements closely for potential confirmation of this expanding pattern. #BitcoinAnalysis #BTC #BullorBear #bitcoin 📊
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