The analysis indicates Bitcoin is in an uptrend with higher lows and higher highs, viewing the current market to be bullish, while foreseeing lower levels before a surge upwards in October, expecting a short-term drop before a general climb. To confirm the bullish posture, the daily close above $114,500 level is a must. The analyst's view of lower levels suggests a target range of $108,000-$109,000, but could sink as low as the $106,000-$104,000 area if that does not hold. Considering the other coins, represented in the S&P 500 index of the top 125 coins (excluding top 10) is showing a bullish trend as well, but there is uncertainty with a potentially lower bottom too.