Why
@adelaafrln
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$BTC update:
A lot of people fixate on 100k, but that number from a structural perspective doesn't mean anything. 96-97k being held as support is a more relevant level, adhering to the 1.272 fib.
If we follow Elliot Wave theory, we're already at Bitcoin's last wave before the bull ends. 5th waves usually do not exceed the length of the 3rd wave and only equal it at best. Given that logic, the estimated peak of the cycle is around 158k $BTC. Noting previous cycle lengths, Oct 2025 is the potential date for this peak.
It's important for you to understand that when you hear supercycles, that's absolute bullshit. Supercycles were already a hype term back in 2021, which led to a lot of retail getting absolutely rekt. Remember, the higher Bitcoin goes, the more institutional players have the power to short it. Spot trading isn't the only mechanism pushing price higher or lower. Derivatives, futures, options exist to add leverage to a short.
DYOR. Invest wisely. Peace y'all 0 reply
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