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🦅 Today, Monday, begins one of the most important weeks in the Crypto world.
Why?
Because this Wednesday we will have the release of the American inflation figures, which will serve as a reference for the FED's decision on whether or not to cut interest rates next Wednesday, the 18th.
The latest American employment data came in terrible. In other words, the American economy urgently needs an interest rate reduction!
However,
However, Bitcoin CONTINUES to draw a famous and well-known chart pattern on the weekly chart.
It's the famous Adam and Eve pattern. Fig. 1
It's a typical bottoming pattern!
And when it draws this pattern, the asset will seek the value it had before hitting the bottom.
In other words, Bitcoin is heading towards its value of 90/91K, which is precisely the value it had before the abrupt drop to 60K.
After the scare, after the cleanup that the Crypto market underwent,
After the storm,
Now we are heading towards the previous values.
Many people think that Bitcoin will continue to fall, that it will reach 50K/40K.
Many people gave up on the Crypto world, even selling at a loss.
But when they see Bitcoin's recovery, they will realize they were wrong.
And very wrong!
But that's life, some cry and others are ready to sell them tissues to wipe away tears.
And the war in Iran showed the world the decisive importance of Artificial Intelligence used by the Americans.
And when the markets begin to price in the symbiosis between AI and Blockchain technology, the world will be amazed by the explosion of VALUE in the Crypto world. Take a stand.