📉 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 📊