Bitcoin Weekly Outlook

The projection suggests that Bitcoin could approach or break $50,000 later this year. After wave 3 completes, a strong bounce may follow and could make many traders believe the bear market is over. However, the structure still warns that one more final decline may be needed, potentially pushing Bitcoin below the mid-$40,000 area before a more important bottom forms.

Bottom line:
Bitcoin remains vulnerable while the weekly structure continues to point lower. The key downside areas to watch are around $50,000 first, and potentially the mid-$40,000 zone later if the final Terminal decline develops.

Educational analysis only. Not financial advice or a trade recommendation.