šš Is Bitcoin's Rally Over? šš
š¹ The drop off Wave-I's high is slightly larger than Wave-F, the biggest drop of the entire G-wave rally.
š¹ This enhances the odds that Bitcoin has peaked for an extended period.
š¹ If Wave-G is over, Bitcoin could be in for a bad couple of years!
š» The decline off this year's high is larger and faster than Wave-F.
š» The odds are Bitcoin has topped for the rest of 2024.
š» Consequently, a much larger decline later this year is now in play.
š® Based on wave structure's outlook, expect a serious governmental crackdown in the next 1-2 years.
š® 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? š¤ #Bitcoin #Crypto #BTC #CryptoWatchMay2024