Bitcoin fell from a high of $81,125 to $74,181 by November 10, confirming a bearish Elliott Wave structure that remains valid while prices stay below the $81,125 invalidation level.
Bitcoin already fell from about $81,125 to around $74,181 by November 10, breaking $80,000, $78,000 and $76,000. The analysis frames the move as part of a broader bearish Elliott Wave structure, so further downside is favored while price stays below the $81,125 invalidation level. However, this is a retrospective promotional recap of a past forecast, and a large part of the decline has already occurred, limiting fresh price impact.
Bitcoin has declined to approximately $74,181 as of November 10, validating a bearish Elliott Wave forecast that anticipated a reversal near the $81,125 level. The analysis, which initially identified an Expanded Flat structure on November 4, correctly projected a corrective bounce before a subsequent move lower that broke through the $80,000, $78,000, and $76,000 support levels.
The wave analysis views the rebound to about $81,125 as a completed correction, after which Bitcoin fell to around $74,181 by November 10; the bearish outlook stands as long as price stays below $81,125.
The article identifies $81,125 (updated November 10 count) and $81,896 (November 4 count) as levels that would invalidate the bearish scenario.