Is BTC at the bottom at this position? Is it time to enter? Will it dip again to test that 75,000 level? How high can it go next?

I recently reviewed Bitcoin's price structure and found something interesting—according to Elliott Wave Theory, after a double zigzag correction wave completed, the price neither broke below the starting point nor just stopped at the wave’s end, but actually broke out above it. This pattern isn’t very common and is worth discussing.

First, two basic judgments:
1. At the end of a bull market transitioning to the start of a bear market, the X wave in a double zigzag correction is usually just a technical rebound within the bear market, not the start of a new upward cycle.
2. Double zigzag patterns won’t mutate into quadruple zigzags (there’s no such thing in Elliott Wave Theory), nor can they repeat onto themselves. So once this pattern is confirmed complete, the rebound is likely over.

But there are exceptions. Sometimes, after a double zigzag correction ends, the price holds the starting point and then breaks to a new high—just like what BTC is doing now.

Looking at the chart:
- The blue mark indicates a significant rebound started
- The green segment is a standard double zigzag correction
- The black segment is another zigzag, but crucially, it didn’t break below the blue starting point
- After the green dot, the price not only hit a new high but did so with a five-wave impulsive structure

That makes things interesting. Normally, after a correction wave completes, the price should drop, but instead, it held support and made a new high. This kind of structure is what Elliott Wave Theory calls “off-script,” and there are several possibilities: either a larger degree wave structure hasn’t fully unfolded, waves were miscounted earlier, or a complex corrective variant is underway...

So what’s next?