CAREFUL: VERY SIMILAR CANDLE PATTERN AT $BTC
The world is awaiting Israel's retaliation, but I don't foresee a significant drop unless Iran escalates its attacks. I expect Bitcoin to decline to $56K, with a potential third wave bringing it down to $48K. The upcoming U.S. election is pivotal and might ease some market uncertainty; however, a bull run seems unlikely amid ongoing instability in the Middle East.
We may see developments post-February 2025. Until then, I anticipate fluctuations between $48K and $70K. Please keep in mind that this analysis is based on daily charts, so we should have clearer insights in about three days.
Wishing you all the best!
#BTCUptober $BTC
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