The analysis indicates that Bitcoin has a final opportunity to move upward from its current position. Failing to do so could signal the end of the corrective wave, potentially leading to the validation of the bear run. The analyst is looking for a wave three to finish after a 4 and a 5 wave. Breaking the recent highs is considered essential for upward continuation. There is a potential ABC zigzag, which could lead to a move to 116433, but caution is advised due to the one-to-one fib level. It's important for the price structure to not finish below the 1:1 fib level (112574.10). Otherwise a deeper correction towards 110636.35, where we would expect BTC to move for a new bear market towards the downside. A move to 124000 is mentioned, though the main target is around 116433. If a new 4 and 5 waves develop, then the target for the bull market would be at 130000.