The analysis indicates that Bitcoin is currently in a Wave 4 corrective phase within an Elliott Wave count, having previously formed a complex structure after a major diagonal move. The current price is estimated around 94,000. This Wave 4 is expected to conclude within a perfect Fibonacci zone, after which a push towards higher levels for Wave 5 is anticipated. The primary target for Wave 5 is within the 96,421.06 to 97,458.17 range. The analysis also considers a complex Wave B or Wave 2 structure, suggesting caution due to its intricacy. A WXY wave as a triangle leading into an impulse move is also identified. Currently, the market is observed pushing higher, with an expected extended move. For a confirmed bullish continuation, the price needs to surpass a specific high, indicating a sustained upward momentum. Conversely, if the price drops below the 90,972.26 mark, the bullish scenario would be invalidated, signaling a potential move towards lower prices, possibly targeting the 90,074.80 level after a regular flat wave C correction in confluence with the 0.382 Fibonacci level. The overall sentiment remains bullish, with an emphasis on confirming strength through key price levels.