The analysis, recorded on December 8, 2025, provides a technical outlook on the Bitcoin Real Time Index. The primary bullish thesis is predicated on maintaining price action above the 82540 rising channel bottom, a two-year support structure. A sustained hold above this level suggests a potential rally toward the 122433 full wave count exhaustion point within a three to five-month timeframe. Further long-term upside to 133610 (a two-year channel resistance) is considered achievable by late 2026 or potentially earlier, even reaching into the 140s by April 2026. On the immediate upside, a settlement above 95945 is identified as an upward pivot point, potentially leading to 103415 (a 50% upside retracement) within one to two weeks, and then to 113105 (the low of the high) within a couple of months. Conversely, a weekly closing price below 82540 would serve as a significant sell signal, indicating a likely retest of the 77391 trend line within three to five days. A more substantial breakdown, characterized by a close below the 55816 eight-year channel bottom, would signify a clear bear market and a global loss of speculative appeal for Bitcoin, prompting an exit from long positions. The current price hovers around 89498.