Bitcoin Bears Make A Return Below $50K

As outlined on my last Bitcoin idea, based on the length of Wave 1 downward, we can now assume a rough target for Bitcoin to around $45K (to form a running flat correction) — based on Elliott Waves and Fibonacci Levels.

Prepare for big bulls to test the $90K range afterwards. We should then make a return back to the $45K after Wave 5/3 concludes. After $90K, the move back to $45K will establish long lasting support and likely be bottom for a few years, as primary Wave 5 kicks off!

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With A Wave forming a Leading Diagonal, we can expect a deep dive for Wave B and a larger 5 Wave move for Wave C. Bulls should stay under $60K.

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Expecting downside at $57.1 and long let lasting downside near $59.1 too.