Bitcoin Has Everything It Needs in Place to Plunge

Adding to my growing list of grim observations, Bitcoin has everything it needs in place for another dramatic move lower. The move down from the 7/7 high looks like a good impulse wave (which I will label as green “1”), and it appears to be retracing in a “2” now. It may go as high as the orange box, but there are enough waves in place now for it to be complete at any time.

If I am right, the next move lower should take it to at least $15,000.


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