Bitcoin Elliott Wave Theory suggests BTC price can drop to $25.5

The bearish outlook by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000.

The ongoing Bitcoin (BTC) price correction could continue as per almost a century-old technical analysis principle called "Elliott Wave Theory."

The interim bearish outlook put forth by the Elliot Wave Theory appeared as Bitcoin tumbled below $35,000 amid the Russia-Ukraine conflict.