BTCUSD Long Term Short

• Many traders are turning bearish on Bitcoin, but the bearish trend is not confirmed yet.
  
• Bitcoin’s price should first touch the long-term major trendline before a potential reversal.
  
• A good strategy is to sell at the trendline or use the Fibonacci extension tool for targets.
  
• Bitcoin is in the final phase of its bullish cycle, which started in 2022 and is expected to peak in 2025.
  
• Entering now could be risky, as a major correction is likely in the following years.
  
• Past cycles show Bitcoin experiences strong bear markets every few years due to halving events.
  
• From an Elliott wave perspective, Bitcoin is in its final wave before a potential correction.
  
• A price drop is expected in 2025 or 2026, bringing Bitcoin significantly lower.
  
• In the short term, Bitcoin is likely to rise before experiencing a major correction.
  
• Traders should consider taking profits and managing risks wisely.