Bitcoin has entered bearish territory after falling below a key support level that had underpinned its rally for months. Currently trading at $78,560, Bitcoin dropped as low as $77,082 in the past 24 hours. According to crypto analyst XForceGlobal, this move signals a significant shift in the market’s technical structure.
Based on a detailed Elliott Wave analysis shared on X, the price action has now invalidated the bullish framework many traders were following, making lower prices more likely in the coming weeks and months.
### Breakdown Below Prior Low Alters the Primary Wave Count
XForceGlobal explains that Bitcoin had been moving through a complex sideways pattern, known as a WXY combination, which was expected to resolve through distribution rather than a sharp breakdown. While bulls completed three of the five components of this triangle-like structure, their failure to defend the prior low triggered a structural shift.
That prior low was the $82,000 level from November 2025. The recent break below $80,000 meant this support gave way, forcing a change to the primary wave count. From an Elliott Wave perspective, this new lower low indicates that the price action from the all-time high should now be viewed as a separate corrective phase, not part of a healthy continuation pattern. This restructuring opens up more room for the current decline to extend based on Fibonacci projections and changes how downside targets are assessed.
### Two Bearish Scenarios Point to the Same Zone
The analysis outlines two main scenarios for Bitcoin’s next moves, both pointing to similar downside levels.
The first is a flat correction, where Bitcoin is currently in a C wave. While XForceGlobal considers this the less likely option, it would still involve a full distribution range that negates the bullish structure and could pull the price down to around $60,000.
The second scenario is a macro ending diagonal, structured as a WXY move downward. This view uses the October 2025 all-time high above $126,000 as a reference point to better separate the current wave structure. Notably, the price target from this scenario also aligns with the $60,000 area.
Despite following different technical paths, both interpretations suggest comparable downside risk over the medium term.
With the larger bullish structure now broken, XForceGlobal advises adopting a shorter-term bearish bias while reassessing the next wave count. The outlook is for Bitcoin to continue declining to at least $60,000 before eventually rebounding back above $100,000.
Frequently Asked Questions
Of course Here is a list of FAQs about Bitcoin falling below a crucial support level designed for both beginners and more experienced individuals
Beginner Definition Questions
1 What does crucial support level mean
A support level is a price point where Bitcoin has historically stopped falling and bounced back up as buyers tend to step in A crucial one is a major wellestablished level that many traders are watching Falling below it suggests that buying pressure has weakened significantly
2 Why is Bitcoins price dropping
Prices drop when more people want to sell than buy This can be triggered by many factors negative news broader economic uncertainty large holders selling or a general loss of confidence in the market
3 What happens now that its broken support
The broken support level often becomes a new resistance levela ceiling that the price may struggle to rise back above Traders who bought at that support may now sell to cut losses which can push the price down further as analysts warn
Analysis Market Impact Questions
4 How do analysts know it could drop further
Analysts look at technical charts for the next lower support level where buying might resume They also consider market sentiment trading volume and broader financial conditions Its an educated prediction not a guarantee
5 Does this mean Bitcoin is a bad investment
Not necessarily Bitcoin is known for high volatility meaning large swings in both directions are common This is a characteristic of its market not a definitive judgment on its longterm value However it highlights the high risk involved
6 Is this a crash or just a correction
Terminology varies but a break of a major support level is typically seen as more significant than a minor correction Whether it becomes a fullblown crash depends on the depth and speed of the continued decline
Practical ActionOriented Questions
7 Should I sell my Bitcoin now
This is a personal financial decision Some follow the adage cut your losses to prevent further downside Others with a longterm view may see this as a buying opportunity believing the price will recover eventually Never invest money you cant afford to lose
8 Is this a good time to buy Bitcoin
Some investors