Now comes the important question: How did I anticipate this fall in Bitcoin?

2. Identifying the 5-Wave Impulse

A very simple wave pattern was unfolding. According to Elliott Wave theory, after a 5-wave impulse, a corrective 3-wave decline typically follows. I identified a clean 5-wave impulse structure and marked the key resistance levels where Wave 5 was likely to end. Based on this, I informed viewers in advance about the possibility of a correction from that zone.

3. The Critical Resistance Zone Near $125,000

 To get the precise reversal zone, I analysed the five sub-waves inside the final 5th wave (since every impulse wave contains five smaller waves). Based on this structure, I marked the potential turning point near $125,000. 

The chart below (taken on September 3rd) shows this Projection

4. Expanded Flat Possibility - The Hidden Trap

If you look at the above chart showing the expected ABC corrective decline, you will notice that the intermediate bounce (Wave B) should not cross the previous high. However, what actually happened was the opposite — the possible Wave B began to move above the previous high. On that very day, many traders and analysts started sharing bullish setups in Bitcoin, assuming the uptrend would continue. Since my expectation was a larger correction, I marked the $128,000 zone and waited for the price to move above it before considering any bullish setup. This is because, in some cases, Wave B can move above the starting point of the correction (Wave A) and then reverse sharply. This structure is known as an Expanded Flat pattern

5. Minimum Downside Targets: $107,000 to $99,000

 Below is the chart showing the expectation of an expanded Wave B, along with the minimum downside targets of $107,000 to $99,000. In Elliott Wave analysis, an Expanded Flat is a common pattern that helps identify traps on both the bullish and bearish sides. These levels play a crucial role in avoiding such traps, especially during failed breakouts

6. The Confirmation: Failed Breakout at $126,186

The price did not cross the marked levels (the high reached was $126,186, while our threshold was $128,000).

From there, Bitcoin began to decline rapidly and corrected more than 16% in a Single Day

7. Price Hits the Minimum Target - What's Next?

The price reached the minimum expectation of $99,000, but the bounce that followed was limited to $107,000 before the decline resumed. This confirmed our primary outlook for a deeper fall toward the $75,000–$69,000 zone. As of now, Bitcoin has made a low of $80,700, which is approximately a 35% decline from the $125,000 high

8. Primary Zone: $75,000- $69,000

So, I believe the price can still move lower after a bounce and eventually reach our expected zone of $75,000–$69,000. Although Bitcoin has already come close to this level, there is still a possibility that the market will complete the move into the primary expected zone.

9. But wait - will the price turn from our zone or decline even further?

There is a possibility that Bitcoin could extend its decline toward the $58,000–$49,000 region. 

 However, this lower zone becomes valid only if: · 

• Price does not reverse from the primary $75,000–$69,000 zone and
• The internal wave structure supports further downside.