Bitcoin Breaks Below $90,000 as Wave Structure Signals Deeper Correction Toward $80,000

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Bitcoin dropped below 90k level, which more and more looks like a top formation on a daily chart, and looks like it's unfolding an impulse into wave (A) from the highs. In the 4-hour chart, it's extending impulsively lower, which looks like wave 3 of an ongoing five-wave bearish cycle within higher degree wave C or III, so more weakness can be seen while the price is below 99k area. After the recent corrective pullback in wave 4 into the projected resistance area, it seems like it's now on the way lower within wave 5 of C/III towards 80k-74k area. Any early rally back above channel resistance line and 99k area would be a signal that temporary support is in place

Bic Picture:
Bitcoin may have completed a higher degree wave (V) of III within an ending diagonal / wedge pattern. Even cyclically, it found the top in October 2025, so be aware of a bear market now and higher degree wave IV correction

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