The analysis is based on the 30-minute chart for Bitcoin, focusing on Elliot Wave structures. The market is holding above a previous resistance point at $113,520. As long as the market holds the $111,560 level, which is the 78.6% retracement of the last rally, there are two pathways pointing to higher prices. The difference between the pathways lies in the depth of the pullback. The preferred orange scenario suggests a five-wave move upward from the swing low on September 9th, with Wave 1, Wave 2, Wave 3, Wave 4, and Wave 5 leading to higher prices. The analysis allows for a pullback in Wave 2 but observes that no pullback has occurred yet. Holding above the green line is considered positive. It would not be ideal for the price to fall back below it. From an Elliot Wave structure point of view, the area around $111,560 is the support zone. A break below the 78.6% retracement level would challenge the idea of a C wave moving higher. The analyst does not favor breaking below the green line, but if it happens, the zone to watch would be $111,560.