The analysis presents a bearish outlook for Bitcoin based on Elliott Wave analysis, suggesting a potential ABC expanding flat correction. Wave 1 finished, targeting a wave C downward toward approximately $73,421, and potentially as low as $67,030. The analysis suggests a triple one-two pattern unfolding where a decline towards 70K is foreseeable as part of the expanding flat. However, there are scenarios involving ending diagonals for Wave C. The level that would invalidate this bearish outlook is 110743.