The analyst expects Bitcoin to increase, giving a shout-out to haters, bears, and trolls for their comments. The current price of BTCUSDT is $116.7K, having moved up to $117.4K before retracing. It's noted that Bitcoin is facing resistance at a prior support area around $118K, suggesting a potential rejection. It is essential for Bitcoin to close above $119.4K for a bullish confirmation, otherwise, a drop is possible. Waiting for confirmation is key. Three gaps are noted to the downside at $92K, $97K and $103k, not expected to be filled. A 47 day consolidation is mentioned to result in explosive behavior. He is using Fibonacci to calculate a golden ratio level between 119.4k to 120.3k and that bitcoin might be forming a double bottom. He expects to achieve a target of 170k by the end of September.