đ Bitcoin is PumpingâBut Could a Drop Be Next?
Bitcoin is on the rise, but is this the calm before the storm? There are whispers that Bitcoinâs ultimate goal is to pave the way for a one-world digital currency, potentially under the control of major banks and institutions. Some even speculate that this tech has otherworldly origins, introduced by mysterious entities like the Greys and Reptilians. These beings, not known for their smarts, rely heavily on AI to guide their actions.
But let's focus on the charts. Right now, Bitcoin is forming a symmetrical triangleâa sign that the price is approaching a critical decision point. Given the current downtrend, we could be looking at a potential drop ahead. To safeguard your gains, it might be wise to consider selling BTC.
From an Elliott Wave perspective, the previous jump from 49k to 62k appears to be nothing more than an ABC correctionâa three-wave structure showing signs of weakness. The outlook is similarly bleak for ETH and other altcoins.
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