Bitcoin Correction Nears Completion as Price Tests Key SupportBitcoin / U.S. dollarBITSTAMP:BTCUSDAmirMIssaBitcoin is undergoing a downward correction against its broader medium-term uptrend, with the latest corrective wave — which pushed the price down toward 101,043 — nearing its end. This level aligns with both the ascending trendline and the 365-day moving average, reinforcing the likelihood of a bullish rebound from this area. If the price manages to hold above this level, a new upward wave is expected to emerge, initially targeting the 108,000 zone, followed by 115,000 as the second objective. However, if the price breaks below the current trendline, a bearish scenario may unfold toward the demand zone between 95,600 and 93,900, which represents the next key support area. The positive outlook remains valid as long as the price stays above the black moving average, while a sustained daily close below it could lead to a deeper correction toward 87,600–85,600. Overall, the most likely expectation is a bullish rebound from current support levels, unless a clear break occurs below the main ascending trendline.