The analysis provides a Bitcoin price prediction based on Elliott Wave analysis. On a lower timeframe, a pump to the upside was impulsively, followed by a reversal from the testing area. The WXY pattern acted as wave two, and a further dump to the downside is expected in a 1-2-3 structure (wave 4 wave 5). There is a possibility for ending diagonal 1-2-3-4-5 unfolding on the one hour chart. In case wave 4 provides a 3-wave retracement, then the ending diagonal is in play. The macro daily structure is a finished impulse, so a clear 1-2-3-4-5 is visible, and a broader ABC correction is expected. The wave C has target around 70k (around the 1.618 Fibonacci level taking A to B to C levels). A failure bound for the bearish market trend is estimated at 127000 (taking the 126233 as bound).