The analysis predicts an upward trend for Bitcoin. It identifies a potential ABC zigzag pattern with a target of 116,433. If this level is breached, the analysis suggests an upward move towards the 124,737 level. The analysis also identifies an ABC expanding flat formation as a bearish alternate, and the analysis would fail if the price declined to 110656. The predicted pattern includes a five-wave impulse, but could only be 3 waves. The lower timeframe shows the breaking of the wave 1 high.