bitcoin clear route Right-Angled
Bitcoin shows a descending wedge pattern shaped like a megaphone, with expectations of reaching prices near, but not equal to, $100,000. We face a diagonal resistance connecting historical highs, and we are completing the fourth Elliott wave. Considering a strong fifth and final wave is plausible for those expecting higher prices. However, given current economic uncertainties and the yield curve inversion, we might enjoy 9 to 18 months of a bullish market. U.S. presidential elections are merely a periodic excuse to divert attention from economic issues stemming from unchecked money printing.
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