Bitcoin’s price has gone up a lot lately, but that doesn’t mean it will keep going up forever. Prices in markets always go up and down in cycles. I think Bitcoin might drop by 14% to around $44,000 in the next few weeks.

Why do I think this?

Well, the price is now lower than the pattern it was following before, which shows it might be getting weaker.

Also, based on a way of analyzing patterns called Elliott Wave analysis, it seems like we’ve finished one phase of price movement and might be heading for a correction.

Bitcoin often bounces back when it reaches certain levels that are based on a maths concept called the Fibonacci sequence. I think the lowest point of this drop might be at a level based on Fibonacci numbers called 0.618 FIB.

If the trading range breaks down, it’s a good opportunity to make money by betting that the price will fall.

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Bitcoin might seem a bit dull right now. It’s suggested to hold off until the rectangular pattern is completed. Instead, consider investing your margin in other coins like JASMY.

Bitcoin - 17% crash is starting! Buy again here:

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I’d appreciate your thoughts on my analysis, and if you find it helpful, please consider following for more ideas. With a solid coach, trading can be simplified.

Thank you, and here’s to successful trades ahead.



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