The analysis focuses on Bitcoin's price movements using Elliott Wave Theory and channeling. An initial impulse wave one has concluded, leading to price action exiting acceleration and base channels. The prevailing corrective structure is identified as an ABC expanding flat, with a target range for wave C between 74,554.29 (1.38 Fibonacci extension) and 67,914.99 (1.618 Fibonacci extension). A primary invalidation point for any bearish impulse is established at 99,677.12; a breach of this level would necessitate a re-evaluation from a bearish to a potentially bullish stance. Alternative bearish scenarios, such as a WXY correction, are also presented, targeting deep retracement levels of 0.618 (67,320.31) to 1 (49,834.13) of wave W. A bullish transformation is contingent on an impulsive break above 99,725.11, which would initiate a 1-2-3-4-5 sequence towards new all-time highs, potentially surpassing 200,000. However, the analysis frequently reiterates the higher probability of continued downward correction before any significant bullish momentum. A near-term corrective zigzag is anticipated, with price potentially retracing to 94,511.01 (0.382 Fibonacci) to 93,468.74 (0.5 Fibonacci) before any upward push.