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.

BTC-0,45%
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