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Author: Sebastian Montague
In the constantly evolving world of cryptocurrency, Bitcoin maintains its prominence as a subject of considerable intrigue and speculation. Our previous analysis, disseminated on the 10th of June when Bitcoin (BTC) was trading at approximately $108,760, utilised the Elliott Wave (EW) Principle to project the currency’s future movements. We posited two potential paths for Bitcoin’s trajectory: the conclusion of its correction phase (marked as the “green W-2 low” in our analysis) or a further subdivision into an alternative route labeled “alt: a, alt: b, alt: c”. Furthermore, we indicated a crucial price threshold, suggesting that a fall below the previous…
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