The analysis predicts a potential corrective wave for Bitcoin, forming a WXY pattern. It anticipates an upward zigzag towards a testing area between 111,710 and 114,340, suggesting a minimum requirement to reach the 0.382 Fibonacci level from a potential finished impulse. The analyst also notes a leading diagonal within this movement, possibly truncated. They consider a scenario where wave B is complete, leading to a higher move in a 1-2-3-4-5 sequence, completing a zigzag ABC for wave Y. There is a look into the Bitcoin dominance with an ABC zigzag towards the upside. As an alternative it is mentioned that if the BTCUSD price gets to 98424 it would confirm a bear market pattern.