Recent data suggests Bitcoin is primed for a significant price surge as its 25 Delta Skew plummets, signaling rising bullish sentiment. This shift coincides with Elliott Wave analysis predicting wave (2) completion near the $97K-$99K support level, setting the stage for a potential wave (3) breakout. Bitcoin’s price is currently consolidating below $104K, but persistent negative skew and strong upside momentum suggest a cautious yet optimistic outlook. Technical indicators from Glassnode show an increasing bullish signal with 25 Delta Skew dropping to -6.1%. This means call options now have higher implied volatility than puts, indicating growing optimism for price increases, and waning demand for downside protection.