📉 #BTC Weekly Candle Analysis:  
If Bitcoin drops below $55,000, we might see a bearish bias take hold.  
Why? Because less than 75% of the supply would be in profit, which could affect investor sentiment. 😕

🔍 According to the #MVRV (Market Value to Realized Value) ratio, which measures the relative profitability of BTC holders, a drop below this level could signal increased selling pressure as investors look to secure their gains.

📊 As shown on the weekly chart with #Ichimoku, breaking the 55k level could bring us back into the cloud at $50k-$54k, a key support to watch.  
And according to Elliott Waves, we could simply be in a corrective wave (wave 4 of 5) before a potentially very bullish wave 5.  
So, no panic for now, this is just a consolidation phase! 📉

🎯 And let’s stay positive, because with Bitcoin ETFs, growing institutional adoption, and the politicization of BTC, we might very well see this consolidation as a long-term entry opportunity before the next bullish wave. 🚀

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#BTC #MVRV