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Analyst Warns Of 'Overly Bullish Sentiment' The Bitcoin (BTC) price has entered a stabilization period after large upward fluctuations at the start of the year due to cryptocurrency market volatility. The market's largest cryptocurrency is hovering near $100,000, with experts predicting additional price hikes. Analyst Warns Of 'Overly Bullish Sentiment' A market expert on social media called Daily Crypto Trading is using Elliott Wave Theory to anticipate Bitcoin's future movements. In this analysis, the market may be experiencing a flat corrective wave with a target of $90,000. The study shows that wave 4 has ended as the flat ABC structure stayed strong at 89-90k. Bitcoin sentiment is "overwhelmingly bullish," which might be a warning indicator, according to the report. The macroeconomic situation is equally important for Bitcoin's trajectory. Trading has warned of the probable effect of a recession, recommending macroeconomic considerations should be examined before technical analysis. How a $130,000 price breach affects Bitcoin? The Elliott Wave Theory, which has made correct predictions, is crucial to this investigation. It states that markets move in predictable waves, and wave 4's last sub-wave is being studied. If Bitcoin breaks $109,000, the analyst expects impulsive wave 5 and a bullish continuation. Bitcoin might rise 40-50% from present levels if it hits wave 5, with Fibonacci extension levels predicting objectives of $113,000, $117,000, and $121,000. The wave might be curtailed, resulting in a double top and corrections, or it could fail to achieve a new all-time high. Overcoming $109,000 increases the possibility of a blow-off top reaching $120,000. If Bitcoin fell back below $90,000, it would create a consistent zigzag pattern, suggesting wave 4 may not be complete. A breakthrough of the invalidation barrier at $130,000 might signal an unexpected bullish breakout toward $170,000. #Megadrop arketPullback #USconsumerconfidance umer Confidence #USTaxExemptionPlan mptionPlan #BTC TC #Binance nanceAlphaAlert $BTC $SOL L $BNB

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BREAKING: Mukesh Ambani's Jio Ventures into Cryptocurrency with Jio Coin! Jio, a giant in telecommunications and digital services, has officially stepped into the crypto space by launching Jio Coin. This bold move marks their entry into blockchain technology, aiming to revolutionize digital payments in India with fast, secure, and efficient transactions. This aligns perfectly with Ambani's vision of fostering digital innovation and empowering millions of Indians through advanced technology. Experts believe Jio Coin could reshape the crypto landscape in India and become a significant game-changer! - Stay tuned for more updates on Jio Coin's impact on the future of finance💲💵 #TrumpCryptoOrder #USConsumer Confidence #VeThorOnBinance #AnimecoinOnBinance

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