**Warning Alert: Bitcoin’s Fall is Coming!**
Bitcoin is likely heading for a major crash, and this is your final warning. A long-term downward trend seems inevitable.
**Failed Signals:**
Bitcoin couldn’t stay above the moving average (MA200) in late September and has closed five sessions below this key level, confirming a bearish trend.
**Let Go of Hope:**
If you’re still expecting Bitcoin to rise, it might be time to let that hope go. The chances of a rebound are low, and holding onto these hopes could lead to losses.
**Bearish Outlook Confirmed:**
- The DXY index is rising, which usually indicates trouble for Bitcoin.
- USDT dominance is also increasing, another negative sign for BTC.
- Geopolitical instability is adding pressure to an already weak market.
- Historically, the FED’s rate cuts often lead to market crashes after extended periods of rising rates.
**Election Year Dynamics:**
With U.S. elections approaching, the market tends to be unstable before becoming bullish afterward. Right now, it’s uncertain.
**Major Stocks Decline:**
Major stocks have peaked and are showing lower highs, with global markets declining for over two months. Bitcoin is following this trend.
**Bitcoin’s Timeline:**
Bitcoin has been in a bearish phase for nearly seven months since its rise from November 2022 to March 2024. A significant drop is expected soon.
**Warning for Leverage Traders:**
Recently, over $600 million in long positions were liquidated. Big investors are preparing for major moves, so be cautious not to get caught in the downturn.
The signs are clear: Bitcoin is heading down. Check the charts and make wise decisions.
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