🚨🚨🚨🚨🚫🚫🚫🚫 Don't skip this article !!!!

📉📉📉A recent round of turmoil rocked bitcoin traders yesterday. The price of bitcoin fell by more than 45%, losing more than $5,000 in value in a matter of hours. Why is there so much chaos in the market?🥶🐻
🔎🔎Well, a combination of broken support levels, market manipulation, and U.S. job statistics. Let's dive more into it. 👇✍️
🚨🚨BRACE YOURSELF:
🚨🔎According to John Glover of Ledn, Bitcoin may fall to $89,000 before peaking at $125,000 in the first quarter of 2025. This forecast is based on Elliott wave theory, which suggests a likely short-term dip followed by a substantial upward trend. We are very familiar with these games, these trends of a minimal bear run and a bullish market is usually influenced by market sentiment and Institutional investments.
🚨🚨 What does this mean?🔎
✍️✍️ Let's look at the temporary and long term implications:
🎯Temporary Adjustments: Glover anticipates a brief decline in the price of Bitcoin to about $89,000. This drop is seen as a correction wave, which is a brief reversal of the overall upward trend. This is primarily because traders are taking profits from their investments or there's the likelihood of a market consolidation following a rally, these corrections frequently take place every now and then to keep the market in check.
🎯🎯 Long-Term Gain of Over $125,000: Glover believes Bitcoin might go beyond $125,000 in the first quarter of 2025 following the brief decline. According to Elliott Wave Theory, this represents the following impulsive wave and indicates significant bullish momentum fueled by elements such as institutional adoption, favorable attitude, or regulatory clarification. The current market movements can be classified as either corrective waves (pullbacks) or impulse waves (growth). Glover claims that the decline to $89,000 is a component of a wave of correction, which is followed by a bullish market 🐂.
⛔🛑Key Takeaway: Investors may see the projected dip as a buying opportunity before Bitcoin resumes its upward trend. However, technical predictions like this are speculative and subject to market conditions, so exercise caution when making them. Do your own research and analysis, and diversify your portfolio to avoid substantial losses in the case of highly unpredictable volatile market.🚫🚫
🚨🚨🔎The Impact of U.S. Economic Data: The price of Bitcoin fell under pressure to decline as a result of recent news update on U.S. economic data has reduced expectations for Federal Reserve interest rate cuts in 2025. Following the release of this data, analysts observe that Bitcoin price dropped significantly more than 5% to $96,200, indicating that macroeconomic considerations are still influencing cryptocurrency markets.🤔🤔
🛑⛔ Implications: The price of Bitcoin's susceptibility to macroeconomic factors highlights how traditional financial markets impact cryptocurrencies. Investor sentiment in the cryptocurrency market is impacted by volatility brought on by tighter monetary policy in response to positive economic growth.
🤝✔️Takeaways:✍️ The relationship between the US economic performance, Federal Reserve policy expectations, and Bitcoin price movement demonstrates the growing integration of cryptocurrency markets with broader economic dynamics. When making investing selections, investors should exercise caution and take into account both macroeconomic factors and intrinsic market volatility.
🚨🚨🚨 Suggestion: Given the volatility of cryptocurrencies, diversifying investments and using rigorous risk management methods are recommended ways to avoid huge losses, protect your funds by diversifying 🚫.
💡🔦Long-Term Perspective: While macroeconomic factors might influence short-term price fluctuations, keeping a long-term investing horizon may help lessen the impact of momentary market volatility. Your research and extensive fundamental analysis coupled with community engagement and the news should give you a well informed perspective for the starters atleast.
🚨🚨✔️✔️ Final words:🤔✍️ The Bulls🐂 are expecting for a rapid recovery, while the Bears🐻 are bracing for further declines. For the time being, secure your seat belts. This is going to be a rough ride. Stay safe, informed and trade wisely.
$BTC


$ETH

#BullCyclePrediction $BNB

#USJobOpeningsSurge