The analysis suggests that Bitcoin is currently in a wave four correction, with a potential top formed around August 14th near 124,000. Fibonacci resistance is noted at 123,625. The current pullback is viewed as the A wave of a larger wave four correction, with expectations of a B wave bounce and a C wave pullback. For a change in sentiment, five waves down are needed. As long as support holds and pullbacks remain corrective, higher prices are expected. The support zone has seen reactions and is currently being respected. Pullbacks are being viewed as the A wave of a Wave 4 correction. A bounce could be a B wave, with a C wave to follow. The analyst is focused on higher prices as long as the market allows it. A micro five-wave move up is to be seen to signal the start of Wave C. 57% is the next support objective.