$BTC 🚨🚨🚨 A scenario between a historical peak or catastrophic failure, are we facing a turning point in the history of cryptocurrencies today?!!.
📊A critical analysis of Bitcoin (BTC) based on the principles of "Elliott Waves" on the weekly timeframe:
✋ The attached chart shows that we are in the final stages of "Wave 4," which is the most dangerous wave in the current price cycle.
🔸 The "Diagonal" scenario: Technically, the overlap of the bottom of Wave 4 with the peak of Wave 1 indicates the formation of a "Diagonal." If the support holds🛡, we are targeting a peak of $166,000.
🚩 The "Catastrophic Failure" scenario: The yellow stocks do not merely indicate a decline, but rather depict a terrifying scenario. Breaking below Wave 4 and breaking the upward channel would be considered a historically negative bottom and a turning point in the crypto world in the long run. This break means a catastrophic failure for cryptocurrencies 🚑 (Crypto Failure) and a collapse of the bullish structure that has lasted for years, which may return the market to dark price ages.
💡 ✋ We are not exaggerating.. Breaking this bottom means the end of the digital dream for many.
$DUSK is bullish
🔔 Follow my account for realistic analyses without embellishment.
Share your opinion on the analysis.✍️
#bitcoin #BTC #Elliottwave #BearMarket #TechnicalAnalysiss