The analyst presents a bearish outlook for Bitcoin, highlighting a break in the uptrend and three major movements since the launch of ETFs, with movements of $48,000, $55,000, and $50,000. It is suggested that a 112,000 level will almost certainly be backtested if it's not broken. The central line of the bull market is being tested at $25,000. The analysis forecasts a return to $100,000-$105,000 within three days if Bitcoin fails to stay above $115,000 by August 22, suggesting a linear growth. If a break below $112000 occurs, a backtest of the previous all time high is going to happen, pointing to a $90,000 to $100,000 backtest.