Bitcoin Price Prediction: BTC Could Drop to $70K as Bull Market Ends Says Elliott Wave Analyst

According to a prominent Elliott Wave technical analyst, Bitcoin's bullish market cycle may have concluded, potentially leading to a significant price correction. The expert forecasts that BTC could experience a substantial decline, possibly falling to the $70,000 support level or even lower. This analysis is based on Elliott Wave theory patterns observed in Bitcoin's recent price chart, suggesting that the cryptocurrency's upward momentum has weakened. Market participants are advised to monitor key technical indicators for confirmation of this bearish trend reversal in the Bitcoin market.