The analyst discusses Bitcoin's (BTCUSDT) current price around $114,734 as of August 24th, expecting a drop to $113.4k-$113.8k to clear long positions, potentially followed by a rally. The analyst mentions indicators look good for a bullish move that targets a test of $120.6k resistance. The analyst considers the possibility of a flash crash down to $110k-$108k, but dismisses it as the primary expectation, noting limited downside volume. The analysis uses Fibonacci retracement levels, prior resistance points, and liquidation levels to support the price targets, emphasizing the likelihood of new all-time highs by the end of August. It references MACD and RSI indicators and points to a support at $113.4k-$113.8k range.