The analysis, based on Elliott Wave theory, suggests Bitcoin has likely finished wave one at the peak of a bull run, with a potential ABC expanding flat correction underway. Wave B might have finished already. The prediction indicates a significant drop to $67,000 for wave C which would be at 1.618 fibonacci extension, or potentially the 0.5 Fibonacci level could be a strong support at $70365. Also the previous stronghold around $67000 is also to be considered as a strong zone for correction. The linear chart analysis reinforces the $67000 target, aligning with a 0.5 retracement level. A level to invalidate the bearish scenario is given at 119000. Bitcoin dominance is currently at 59.99 and it needs to continue going down and is expected another five wave lower. In case of a small one two one two at 60% Bitcoin is expected to invalidate the wave count and potentially has another bigger move.