Bitcoin has completed a 5-wave impulse to the upside and recently finished an A–B–C corrective pattern. The Wave (C) has tapped into a key demand zone (highlighted in purple) that aligns with prior Wave 4 support and an inducement zone — a classic liquidity grab setup before a bullish reversal.
The structure suggests that BTC has completed its correction and is preparing for a long-term bullish continuation targeting new highs. The breakout of the descending channel confirms renewed buyer strength.