Bitcoin's recent correction is viewed as a pivotal moment in its long-term bullish trajectory, according to analyst TARA. The current pullback is considered foundational for establishing a significant low, potentially around $94,000, before a new uptrend emerges. Technical indicators, including the RSI, suggest oversold conditions, marking this drop as one of the most critical in recent years. TARA also highlighted that only two more Elliott Waves are anticipated before a major market shift occurs.