Been looking at some Elliott Wave analysis on Bitcoin and honestly the signals are pretty concerning right now. Some technicians are saying we could see a drop to $70K or even lower if this bull run really is done. Current price sitting around $73.9K, so we're already in that danger zone.

The thing that gets me is how many people are still calling this a bull market when the indicators are flashing warnings. Elliott Wave theory suggests we might be further along in a correction cycle than most realize. If the pattern holds, we could be looking at more downside before any real recovery.

Real question though - when will this bear market actually end? That's what everyone wants to know. Based on the wave structure, it might take longer than people expect to see the bottom. Worth paying attention to the support levels around $70K because if that breaks, it could get uglier. Not trying to FUD, just what the technicals are showing right now.