Bitcoin Bear Market Update: What's Next?

Bitcoin has experienced its second-largest liquidation event since October, and the current chart structure continues to support a bearish outlook.

In this video, I explain why a move toward $39,000 remains a realistic possibility from an Elliott Wave perspective, how the 100% Fibonacci extension target is calculated, and why the recent rally into the $82K-$83K resistance zone may have completed a larger B-wave correction.
We also discuss the key alternative scenarios, including the possibility of a larger B-wave extension and the risk that Bitcoin may already be accelerating lower in a third wave decline. The next bounce will be critical, as its structure could reveal whether the market is preparing for another leg down or a larger corrective rally.
Key levels covered include the $69.7K resistance zone, the important $74.4K pivot, the 200-day moving average around $78.8K, and major support levels between $65K and $60K. We also review the CVDD model and why the $48K region remains a significant long-term level to monitor.

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10 Timestamps:
00:00 Bitcoin's path to $39,000
01:14 Massive liquidation event explained
02:28 Why $82K-$83K was major resistance
03:08 How the $39K target is calculated
04:00 The primary bear market scenario
05:18 Is Bitcoin already in wave 3 down?
06:38 Why all scenarios still point lower
07:34 The CVDD model and DCA framework
09:02 When could Bitcoin form a major low?
10:51 Short-term support and resistance levels
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Видео Bitcoin Bear Market Update: What's Next? канала More Crypto Online