The analysis indicates Bitcoin is showing moderate upside. The bounce from the Friday swing low is weak. A little more bounce may target 120611.32 or 121425.67. If a C wave develops, it will likely hold support. An A wave and a C wave tend to be the same length. Structurally there is not much to add, due to the market not moving much. There is bullish divergence, however, it is only a one-hour chart which implies caution. CME gap was filled. A new gap will develop next week. Bitcoin is starting to move toward resistance. Preferred pathway is a bounce to a corrective wave down, though a direct breakout is possible. Base case remains one more high. BTC seems weak. An increased price for the B wave has a higher chance to hold support at 114471.81. There is a possible corrective pullback.