Bitcoin is heading towards 30k to 40k in 2026, and many people will lose money, especially ETF investors. All major Bitcoin ETFs launched around January 10, 2024, at the price of around 45,000 USD per Bitcoin. What if I tell you that everyone who bought this ETF will be in a loss during the next major bear market cycle? Of course whales need liquidity, and pushing the price to the ETF’s all-time low would be a perfect plan.
Bitcoin has been going only down since Trump’s first day in office. All investors are extremely disappointed because they saw Trump at a Bitcoin conference talking about the future of Bitcoin and the USA crypto reserve. Unfortunately, it was a trap, and Bitcoin is losing its value pretty significantly. Everyone who bought the news is pretty much at a loss. Of course Bitcoin is completely manipulated by the central banks and government, so forget about decentralization and freedom. But let’s take a look at the technical analysis on the weekly chart.
On the chart, we can see a parallel channel, and today we have a huge red dildo breaking the channel to the downside with a strong volume. This parallel channel is a representation of the whole bull market (uptrend) since 2022. It’s breaking down, and we can completely forget about any bull market this year. From the Elliott Wave perspective, an impulse wave has been completed, and we are looking for a bearish retracement. Usually we want to focus on the 0.382, 0.500, and 0.618 FIB levels. These levels provide the highest probability of a bounce.
In the short term, we have a falling wedge pattern that I warned you about a few days ago. I predicted this dump successfully.⬇️
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
