Pattern recognition remains one of the most powerful tools in technical analysis. While history never repeats exactly, recurring market structures often reveal high probability paths as the market unfolds.

This analysis focuses on Bitcoin's higher timeframe structure and presents a conditional roadmap for the current corrective cycle rather than an immediate price forecast.

Bitcoin is currently trading within a weekly falling wedge, but the corrective structure appears incomplete. From a pattern recognition perspective, price may first retest the Immediate Demand Zone before breaking out of the wedge. A successful defence of this level would strengthen the probability of a rally towards the High Timeframe (HTF) Supply Zone around 100,596.

However, the move into HTF Supply may represent the next phase of the correction rather than the beginning of a new impulsive trend. A rejection from this region could initiate the final leg of an extended ABC corrective structure, with Wave C potentially targeting the High Probability Demand Zone around 30,937, completing the broader corrective cycle before the next major bullish expansion begins.

As always, this roadmap remains conditional. Price confirmation at each key demand and supply zone will determine whether the structure continues to unfold as anticipated.

Do you believe Bitcoin still has one final corrective leg ahead, or has the market already completed its higher-timeframe correction?

WESLAD Research
Probability Over Prediction.