Bitcoin price has dropped into bearish territory. dropping below an important previous low This rally had been supported for many months. Bitcoin, at the time this article is written, has fallen as low as $78,082 over the past 24 hour. According to crypto analyst XForceGlobal, the move represents a substantial change. change in the technical structure.
According to his Elliott Wave analysis, which he shared with X users, recent price movements have invalidated the bullish framework that many traders relied on. Lower levels will be more common in the upcoming weeks and month.
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No. 1 Wave:
According to XForceGlobal Bitcoin had been working through a sideways complex structure. Specifically, an WXY configuration that should resolve itself through distribution instead of breakdown.
The bulls completed three of five components required for this triangle-like pattern, but their failure to hold the previous low signaled a shift in the structure. The prior low is the low of $82,000 in November 2025. Bitcoin bulls failed to defend this low When the price has fallen below $80,000 within the last 24 hours.
Once that level gave way, It was impossible to maintain the wave counts. This lower low in the Elliott Wave counts means the recent price actions from the highest point should no longer be considered a part of an ongoing healthy trend. This restructuring allows the current decline to continue from Fibonacci extensions and alters how minimum and maximal downside are calculated. targets should be evaluated.
Bitcoin Price Chart. Source: @XForceGlobal On X
Two Bearish Scenarios Point To The Same Zone
This analysis points to two scenarios for how Bitcoin’s price can move from this point onwards. Both of these are converging at similar levels of downside. Bitcoin’s C wave is currently unfolding as a first flat correction. Although XForceGlobal considers this option to be the least appealing, it is still a viable alternative. imply a full distribution range This invalidates the bullish structure, and brings down Bitcoin’s price as low as $60.000.
Second scenario: a macro-ending diagonal of a downward WXY movement. The scenario uses October 2025’s all-time price high of $126,000 to cut the price movement. The price projections from both scenarios are also in line with the $60,000 target area. Both interpretations, despite different technical pathways, point out similar downside risks over the medium-term.
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XForceGlobal suggests that, now that the bigger structure is compromised, it’s time to switch over to a short-term bearish outlook while reorganizing next wave counts. Bitcoin is expected to continue its fall until it reaches at least $60,000. before rebounding to stage A return of more than $100,000.
Chart from TradingView, image from Pixabay
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Source: www.newsbtc.com
