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The analysis suggests Bitcoin is in a corrective phase, potentially completing a WXY pattern. The price action indicates a bounce from a key support level, leading to a potential upward impulse wave. Several scenarios are presented for a continued rally, targeting new all-time highs around $130,000 to $150,000. The timeframe for this potential move is not explicitly stated but implied to be in the short to medium term, aligning with typical Elliott Wave cycle analysis. Key Fibonacci levels are used to gauge potential turning points and confirmation levels for the expected bullish trend. The immediate focus is on breaking through resistance at approximately $80,000 to $82,000 for the bullish scenario to gain further validation.