Bitcoin (BTC) – NEoWave / Glenn Neely Perspective (Weekly Chart)Bitcoin / TetherUSBINANCE:BTCUSDTmvjalili The prior analysis suggested two main scenarios: 🔹 Bullish Scenario Break and hold above the all-time high. Continuation toward the 130k–150k region. Current advance interpreted as the beginning of a new impulsive cycle 🔹 Corrective Scenario The rally from the 2022 low is only the final leg of a larger corrective structure. A deeper correction would follow before a new long-term advance. Updated View The latest weekly structure shows: Loss of the long-term rising channel. A significant decline from the 2025 peak. Price testing the critical 60k–65k support zone. From a NEoWave perspective, the preferred count is now: Wave A: 2022 low → 2025 peak Wave B: Current decline from the 2025 high The key question is whether Wave B is ending or still unfolding. Key Levels ✅ Major Support: 60k–65k If this zone holds: Wave C could begin. Targets: 90k → 110k → 130k+ ❌ If 60k breaks on a weekly closing basis: Correction may extend toward 55k, 50k, or even 45k. Conclusion BTC is currently trading at a critical inflection point. As long as the 60k–65k region remains intact, a bullish Wave C toward new highs remains possible. A decisive weekly breakdown below this area would favor a much larger corrective phase. Bias: Neutral-to-Bullish above 60k, Bearish below 60k. Market Status: High-probability decision zone.