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$BTC is likely in its last down phase. Measured target: $54K–$52K.

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Elja

695,581 subscribers

45,171 views • 4 months ago •via X (Twitter)

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🚨 BTC PRINTING A BEARISH PENNANT First leg down done Next move? Expansion down to $52k Don't say, I didn't warn you!
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🚨 BTC PRINTING A BEARISH PENNANT First leg down done Next move? Expansion down to $52k Don't say, I didn't warn you!

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Bitcoin is in the final phase of this trap. The bounce looked like a recovery. It trapped buyers instead. Now price is rolling over again. This is the last leg down before the move completes. The target sits near $48,000.
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$BTC is expensive again. I'd much rather buy in the likely bottom zone.
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Our 3 phase challenge is now live! - Lower pricing - 5% profit target per phase - 5% drawdown
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$BTC looks like it's in the accumulation phase, similar to the 2022 bottom. If the Clarity Act passes, the dip might not last long.
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So this is why BTC is down 😭
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So this is why BTC is down 😭

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$BTC is forming a falling wedge here. And this is happening when Clarity Act is approaching its final phase. An approval means Tom Lee could be right. A rejection means he'll be wrong for some time and then right.
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$BTC is forming a falling wedge here. And this is happening when Clarity Act is approaching its final phase. An approval means Tom Lee could be right. A rejection means he'll be wrong for some time and then right.

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203,355 views • 2 months ago

First a bull trap, and then a new cycle low. This is how $BTC will most likely play out in the coming months.
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