Bitcoin's market structure is still in a bullish trajectory, with stabilization shaping its next movement. The current corrective pattern, known as WXY, indicates a necessary phase for market sentiment to reset before the next potential upward shift. Bitcoin's price action aligns with this structure, suggesting that the asset remains within a controlled framework despite short-term fluctuations. Analysis suggests that the completion of this corrective phase is essential for establishing a foundation for future movements, with a potential upward move targeting new highs beyond $200,000. Market sentiment plays a key role in determining Bitcoin's trajectory, and the recent correction phase indicates a broader stabilization effort to reduce excessive volatility. Overall, the outlook for Bitcoin remains bullish, with the current consolidation aligning with previous cycles before upward movements.



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