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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

Avertissement : comprend des opinions de tiers. Il ne s’agit pas d’un conseil financier. Peut inclure du contenu sponsorisé. Consultez les CG.
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📉 Bitcoin Analysis Update! 📈 In the latest analysis of Bitcoin's price movements, several key observations have emerged: 🔹 Wave-I High vs. Wave-F Drop-off: The recent drop-off in Wave-I high appears slightly larger than that of Wave-F, indicating a significant shift in momentum. This suggests that Bitcoin may have reached a peak, particularly considering Wave-G's completion. 🔹 Potential Peak for Bitcoin: With Wave-G possibly over, there's a growing concern that Bitcoin could be in for an extended period of consolidation or decline. This scenario enhances the likelihood that Bitcoin has peaked for the foreseeable future, possibly leading to a challenging couple of years ahead. 🔹 Confirmation from Last Week's Statement: The assertion made last week, "*...The odds are Bitcoin has topped for the rest of 2024!*" remains active and relevant. Market dynamics continue to support this view, with ongoing price action on weekly and daily charts suggesting the unfolding of an expanding pattern from this year's high. 🔹 Expanding Patterns and Market Sentiment: Expanding patterns, as indicated by recent price movements, imply that each subsequent drop in Bitcoin's price will likely be larger than the previous decline. This dynamic challenges the prevailing perception that every low in the market represents a buying opportunity, highlighting the potential for prolonged downside pressure. Stay vigilant and informed to navigate the evolving landscape of the Bitcoin market! 📊💡 #BitcoinAnalysis #MarketInsights #StartInvestingInCrypto
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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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