The analysis suggests that Bitcoin is currently testing a micro support zone, and after a local upside breakout Bitcoin has performed well. The upward move could be part of a third wave, and the video reminds the viewer of a fourth wave bottom or possibly a B wave. A low formed, and the analysis notes a five-wave move up, followed by a three-wave move down. The analyst suggests that a five-up-three-down pattern typically suggests rising prices. Support held at the 78.6 retrace level, and the price moved up, forming a potential 1-2, 1-2 setup.