The analysis begins by noting that Bitcoin has reached the lower part of a channel, as expected. The price action is interpreted as a WXY correction. The Y wave is unfolding as an ABC pattern, with the C wave composed of a 1-2-3-4-5 structure. Wave 5 might be complete or still developing. The one-to-one fib level shows Bitcoin price ranging corrective, with possibility of new low and after correction an impulse near the channel line. It analyzes the potential of a double 4-5 structure and examines scenarios involving wave structures. It suggests the Bitcoin Dominance may forming a zigzag or flat pattern; with a triangle pattern indicating a range for the Bitcoin dominance and it might form ABCDE waves pattern, if BTC dominance continue downwards altcoins are expected to surge to higher prices and BTC expected to move higher to 125000 then to 130000. The bullish scenario is invalidated if price reaches 110600.