BTC Weekly Outlook | Elliott Wave 5 Expansion Toward New All-TimBitcoin / TetherUS PERPETUAL CONTRACTBINANCE:BTCUSDT.PSblazMy long-term outlook for Bitcoin remains bullish as long as the weekly structure continues to hold the support zone highlighted on the chart. The scenario I am currently following is a potential Elliott Wave impulsive structure: (1) First major bullish impulse. (2) Deep corrective move and formation of a significant swing low. (3) Strong bullish expansion that pushed BTC into new highs. (4) Current corrective phase into an important demand/support zone. (5) Potential next expansion leg of the cycle. The area around $57,500 represents an important technical level within this scenario. As long as Bitcoin is able to defend this zone and eventually reclaim the descending trendline shown on the chart, I see the possibility of Wave (5) developing. Using Fibonacci extensions as reference points, the main upside levels I am watching are: 1.0 → ~$166,500 1.618 → ~$234,000 2.618 → ~$343,000 3.618 → ~$452,000 My main area of interest for a potential Wave (5) expansion is approximately between $343K and $452K, although this is only a long-term technical scenario and will depend on price continuing to confirm the structure. I am not trying to predict the exact top of Bitcoin. I am simply following the market structure, liquidity, and price reaction around key technical levels. Invalidation: A clear and sustained breakdown below the Wave (4) support zone would force me to reevaluate this count. This is my personal market analysis and not financial advice.