Elliott Wave Strategist Sees Bitcoin Slumping Toward $55,759 in Final Wave 5 Decline

An Elliott Wave specialist on X has outlined a bearish roadmap suggesting Bitcoin is entering the final leg of its current downtrend, with Wave 5 now in play and the prior corrective Wave 4 structure considered complete. The analysis maps an initial downside objective around $60,385 from a spot price near $65,000, followed by a deeper potential trough near $55,759 based on Fibonacci levels.