In the esoteric realm of Elliott Wave Theory, the fourth oscillation has a strong tendency to revisit the territory claimed by the previous degree fourth wave. When one applies this law to the labyrinthine chart of Bitcoin, an intriguing correlation emerges with a distinctive territory that lies between $3,000 and $6,000.
This is no ordinary territory; it's a magnetic nexus of institutional curiosity - a place where the public supply will dissipate like an apparition once this so-called "bear market" concludes its melancholic serenade.
Upon the successful implementation of Wave 4 (eloquently depicted in this particular scenario by an elegant double zig-zag pattern), we can then initiate a gargantuan phase of markup as wyckoff would refer to it.
This titanic of an ascendancy will go on out to complete the Grand Cycle Fifth Wave of Bitcoin, rising like a leviathan from the oceanic depths of market fluctuation.
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