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In the Elliott wave video analysis below we talk about Bitcoin, its price action from a technical point of view, and wave structure from Elliott's wave perspective.
Bitcoin actually doesn't show any evidence for the bottom and bullish reversal yet. Instead of that, we still see corrective price action and wave structure within the downtrend, however, we believe that support may not be far away, so bulls might be back in the second half of 2022.

Video Length: 00:08:43

BTCUSD is sharply and impulsively down in the 4-hour chart and we can clearly see five waves of decline, which confirms a bearish reversal, so we can expect lower levels at least in three waves (A)/(1) - (B)/(2) - (C)/(3) according to two daily interpretations, just be aware of short-term pullbacks. We really favor daily count #2 which can ideally push the price towards June/July 2021 lows and below 29k region within a five-wave cycle, where we will be looking for a strong 29k-20k support zone. However, until the price breaks below 33k and in case BTC is potentially still in a corrective three-wave (A)-(B)-(C) decline, then keep an eye on the big daily bullish triangle pattern regarding daily count #1.