{"id":316101,"date":"2025-10-19T13:39:16","date_gmt":"2025-10-19T13:39:16","guid":{"rendered":"https:\/\/www.europesays.com\/us\/316101\/"},"modified":"2025-10-19T13:39:16","modified_gmt":"2025-10-19T13:39:16","slug":"bitcoin-btc-bear-market-incoming-price-may-fall-to-70k-or-lower-expert-predicts","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/316101\/","title":{"rendered":"Bitcoin (BTC) Bear Market Incoming? Price May Fall to $70K or Lower, Expert Predicts"},"content":{"rendered":"

Bitcoin BTC$107,768.02<\/a> investors, it\u2019s time to buckle up.<\/p>\n

Jon Glover, Elliott Wave analyst and Ledn\u2019s Chief Investment Officer, known for his precise market forecasts, is going against the bullish consensus with a stark warning: The bitcoin bull market that began in early 2023 appears to be over following a recent fall from $126,000 to $104,000.<\/p>\n

Glover now foresees a sustained bear market that could push prices down to $70,000 or lower, a potential drop of more than 35% from the going market rate of around $108,000. <\/p>\n

“I firmly believe we have completed the five-wave upward move and are now entering a bear market that may last until at least late 2026,” Glover said. “I expect bitcoin to trade between $70K and $80K, and possibly even lower.”<\/p>\n

Glover explained that while the possibility of bitcoin retesting its record highs around $124,000 or climbing slightly higher cannot be ruled out, the broader trend has now flipped bearish, meaning prices are likely to be lower a few months from now.<\/p>\n

The Elliott Wave theory <\/p>\n

Introduced by Ralph Nelson Elliott in 1938, Elliott Wave Theory is based on the idea that collective investor psychology moves in predictable cycles. These cycles form a five-wave structure in the direction of the main trend, with three impulse waves and two corrective waves.<\/p>\n

Bitcoin\u2019s bullish five-wave pattern started in late 2022, when prices were below $20,000, culminating with the fifth wave peaking at a record above $126,000 earlier this month.<\/p>\n

Initially, wave 5 was predicted to bring prices to between $140,000 and $150,000 by year-end. Glover made this call <\/a>in early August against a backdrop of growing bearish concerns after a sharp dip from $120,000 to $112,000.<\/p>\n

While prices surged as forecasted, momentum stalled beyond $125,000 this month, prompting Glover<\/a> to warn that a repeated failure to hold above that level would weaken the bull case. Subsequently, bitcoin tumbled to $105,000 last week, confirming an early end to the bull run.<\/p>\n

“Now that we have broken down below $108k, I am ready to make the call as to whether we are on the orange path in the chart below and therefore looking for a move up to $145k, or are on the yellow path, which would mean that we have seen the highs in this market,” Glover said. “Here\u2019s my call: THE BULL RUN IN BITCOIN IS OVER!”<\/p>\n

\"BTC's<\/p>\n

Bitcoin’s bullish 5-wave structure has ended. (Jon Glover, TradingView) <\/p>\n

The bearish outlook is consistent with bitcoin\u2019s historical trend of peaking and then entering a bear market roughly 18 months after each halving event. The most recent halving occurred in April 2024.<\/p>\n

Supporting Glover\u2019s bearish sentiment, data from Amberdata shows BTC’s Deribit-listed put options, providing downside protection, are trading at a premium compared to calls through the September 2026 expiry. This suggests that some traders are preparing for downside risks extending well into next year.<\/p>\n","protected":false},"excerpt":{"rendered":"Bitcoin BTC$107,768.02 investors, it\u2019s time to buckle up. Jon Glover, Elliott Wave analyst and Ledn\u2019s Chief Investment Officer,…\n","protected":false},"author":3,"featured_media":316102,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[7566,64,135,603,67,132,68],"class_list":{"0":"post-316101","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin","9":"tag-business","10":"tag-markets","11":"tag-technical-analysis","12":"tag-united-states","13":"tag-unitedstates","14":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115401115105997139","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/316101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=316101"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/316101\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/316102"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=316101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=316101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=316101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}