Bitcoin's recent price movement has shown a bearish correction that has resolved into a WXY pattern, marking a pivotal point in its trajectory. The WXY structure, a combination of three corrective waves, suggests that Bitcoin is transitioning out of a corrective phase and moving towards upward momentum. This aligns with a broader bullish narrative and the possibility of Bitcoin entering the fifth wave of an Elliott Wave cycle, which is associated with significant price surges. However, this phase also brings heightened volatility and the potential for larger pullbacks as market participants reassess their positions.



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