Bitcoin Price Elliott Wave Price Update: Understanding the Bullish and Bearish BTC Scenarios

🟨 Bitcoin Breakdown – Crash Vibes Continue as Bearish Trend Persists

Hello and welcome to another Bitcoin update! Bitcoin Price Elliott Wave Price Update: Understanding the Bullish and Bearish BTC Scenarios
The current market mood? Definitely crash vibes.

Over the weekend, we discussed around 20–30 different cryptocurrencies in our member livestream—and the key takeaway was clear: the majority still look bearish. There’s no strong bullish setup right now, and most charts are leaning toward another move lower.

🔻 The Downtrend Continues

Bitcoin’s trend is still heading down, and a test of the $75,340 area is looking very likely. In fact, a lower low in this region wouldn’t be a bad thing. Why?

Because if Bitcoin can hold above $69,144 while making one more low, it might set the stage for a powerful upside impulse. That’s especially significant considering the rally after the March 11th low was only a three-wave move—very fragile and corrective in nature.

🔁 Why a Deeper Pullback Might Help

A deeper low could “reset” the market and give Bitcoin the support it needs for a real rally. Until then, the structure remains weak and any bounces should be treated with caution.

🟨 Article 2: Bitcoin and Altcoin Mini-Crash – What Happened and What’s Next

The current dip in Bitcoin and the wider altcoin sector is no surprise. We’ve been tracking this move and expecting another leg lower.

📉 Breakdown from Triangle Pattern

Earlier today, Bitcoin broke down from a triangle pattern, confirming the bearish outlook. This move aligns with our forecasted third wave to the downside.

We even updated our members with a written update prior to the breakout—so ideally, no one was caught off guard.

📌 Key Levels to Watch

At this stage, lower prices remain the most likely outcome, unless we get a strong reversal above the last swing high at $83,780.

Here’s where we’re currently focusing:

• 📌 Fibonacci support zone: $77,644 – $73,559

• This zone could mark the bottom of this third wave. A reaction from this zone is expected and could trigger a bounce.

🟨 Article 3: Bitcoin, NASDAQ & Elliott Wave Insight – What’s the Macro Picture?

Let’s zoom out a bit and take a look at the Elliott Wave structure and how Bitcoin might be playing catch-up with the NASDAQ.

🔄 Is This a C Wave or a Third of a Third?

This recent drop may not be a textbook third wave. It could actually be a C wave of a larger Wave 3.

We’re tracking:

• Wave 1: Potentially an ABC

• Wave 3: Also could be an ABC (with triangle in the B wave)

• Wave 4 & 5 still pending

So, yes—this downtrend might be nearing exhaustion soon.

🧠 Key Elliott Wave Target Zone

Our blue zone, based on Fibonacci targets, lies between $77,644 and $73,559. That’s the area we expect the wave to complete.

📈 What Could Change the Bearish Outlook?

A break above $83,780 would challenge the bearish case. Until that happens, the preferred interpretation remains the “yellow count,” which points toward another low before a recovery.

As for the NASDAQ, it may already be finishing its move down—so Bitcoin could bounce in tandem, setting up for the next rally phase.

Bitcoin Price Elliott Wave Price Update: Understanding the Bullish and Bearish BTC Scenarios