The analyst provides a Bitcoin technical analysis on August 22nd. Bitcoin is trading around $113,209. With 20 hours and 43 minutes left in the day, the speaker evaluates the possibility of today's session moving upwards. The speaker expresses that the chances of a bottom are good, the analysis will be invalidated should the day close a little bit lower and lower lows are expected. The analyst marks the golden ratio. The video highlights past price action with failed support at the golden ratio. The analyst suggests it is very uncommon to pass through the ratio like that. and suggests that its likely it will revert back to the .5, golden ratio, or .382 fib level. The video displays the liquidation levels for Bitcoin and indicates that there are shorts piled on after the longs that are piling on. The next area of interest to clear would be near $111k. The speaker suggests 111K is not that far away. 120K to liquidate the shorts. This call for a .382 to retrace. Analyst marks the bottom will be at 110K, or 108.7K. The target price is 116.6K and will continue higher and the failure is 111.6K should the analysis be validated