Bitcoin Bear Market | Analysing the Next Drop

AI-generated source summary

The analysis suggests that Bitcoin may experience further downside, with the potential for drawdowns to be less severe than in previous bear markets. Historically, bear markets have seen significant drawdowns, for instance, a previous drawdown was around 77%. However, the current assumption is that this cycle might see a drawdown of only 65%, potentially reaching around 43,000 USDT or even 40,000 USDT. This is based on an Elliott Wave analysis of previous bear markets, where a C wave unfolds in 5 sub-waves, typically followed by a bounce. The current resistance area is identified between roughly 66,000 USDT and 76,500 USDT, suggesting a potential three-wave bounce (A-B-C structure) within this resistance zone before a continuation of the downtrend.

AI-generated summary based on the source content.

Evidence and evaluation progress

1. Original source published

   06 Jul 2026, 18:45 UTC

   The analyst published the original source item.

2. Source recorded by Tahlil Plus

   06 Jul 2026, 18:55 UTC

   The public source was preserved as the evidence record for this case.

3. Market predictions extracted

   06 Jul 2026, 18:55 UTC

   1 eligible signal linked to this case.

4. Outcome tracking started

   06 Jul 2026, 18:55 UTC

   Tahlil Plus began monitoring the extracted predictions.

5. Source processing completed

   06 Jul 2026, 18:55 UTC

   Source analysis and structured extraction completed.

6. Live evaluation in progress

   01 Aug 2026, 03:50 UTC

   1 signal remains active.