Bitcoin: Wave (V) Begins or a Larger Zigzag Continues?Bitcoin / US DollarCOINBASE:BTCUSDMehdi_Abbasi_EWPElliott Wave Analysis In this analysis, both the aggressive and conservative scenarios remain valid. Until the market confirms its structure, neither scenario has gained a decisive advantage. Under the aggressive scenario, our primary outlook continues to favor the development of a larger Zigzag correction. In this wave count, Wave A and Wave B are considered complete, while the market is now expected to be developing Wave C. If this interpretation is correct, Bitcoin is currently forming Wave (1) and Wave (2) of Wave C, with another impulsive decline expected once the current corrective rally is complete. At the same time, we cannot rule out the possibility that the current advance evolves into a much larger bullish structure, as discussed in my previous analyses. I always attach earlier publications below each new analysis so the evolution of the wave count can be followed step by step. On the other hand, the conservative scenario still suggests that the decline from Bitcoin's all-time high may be unfolding as a Double Zigzag with seven swings. If this scenario proves correct, the current correction would complete Wave (2) before the market resumes its next major impulsive advance. For now, the first price invalidation level remains an important reference. As long as price respects this level, it serves as an early signal that helps determine whether the market is developing a larger corrective structure or preparing for the next bullish phase. However, price action remains the deciding factor. If the current advance continues to develop only as a three-wave corrective structure, without confirming a strong impulsive move, the aggressive scenario remains the preferred outlook. Conversely, a clear impulsive advance—or even a series of nested 1-2, 1-2, 1-2 formations—would significantly strengthen the conservative scenario. As with every Elliott Wave study, this is a structural interpretation of the market—not a price prediction. As long as the rules and guidelines of the Elliott Wave Principle continue to support these wave counts, both scenarios remain valid. Ultimately, the market itself will determine which structure unfolds. We do not predict price—we follow the structure the market builds. — Mr. Nobody Independent Elliott Wave Principle Researcher "Patterns whisper. I listen." 📊🎧 Bitcoin Jul 14 Two Valid Scenarios Remain | Elliott Wave Analysis