The U.S. Department of Justice issued a subpoena to Federal Reserve Chairman Jerome Powell, triggering a surge of investors into hard assets such as gold and silver. However, Bitcoin has not experienced a similar rally. Elliott Wave theory analysis indicates that Bitcoin may be entering a correction phase. If it falls below $87,142, it could signal a drop to $80,620; whereas if it breaks above $94,625, it suggests that Bitcoin will continue to rise and push towards a new high.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The U.S. Department of Justice issued a subpoena to Federal Reserve Chairman Jerome Powell, triggering a surge of investors into hard assets such as gold and silver. However, Bitcoin has not experienced a similar rally. Elliott Wave theory analysis indicates that Bitcoin may be entering a correction phase. If it falls below $87,142, it could signal a drop to $80,620; whereas if it breaks above $94,625, it suggests that Bitcoin will continue to rise and push towards a new high.