Using Elliott Wave analysis on the BTCUSD chart, the analysis suggests the current market trend is bearish with a target of 67000 and 126233.27 invalidation bullish. The video identifies key levels by examining historical price action on the two-week chart, identifying the impulse waves. It reviews previous bull runs and corrective phases as ABC zigzag patterns. Based on a combination of past patterns and Elliott Wave principles, the video anticipates potential pathways for Bitcoin's price movement in the coming year, and considers trend channels to assess ongoing momentum. Key price ranges, inferred from Fibonacci levels, are provided, but no further time frame is discussed besides to reach the target at the end of this year with a pullback at the very beginning. There is reference to breaking the blue channel to continue the bearish market.