The analysis identifies a breakout from a descending trendline, suggesting a potential shift in momentum. A previous false breakout on July 3rd is noted, with resistance found at 110k. The current breakout is considered more substantial due to a retest of the trendline as support. Momentum indicators on the 4H timeframe show a golden cross on the Brezzer indicator, signaling upward momentum. Liquidation heatmaps show liquidity building around 110k, acting as a price magnet. Historical patterns suggest upside potential to 110k in the short term. The analyst references prior monthly data indicating a likelihood of strong returns in July/August and bearish September, giving a long term price target of 173337. The crystal ball indicator also pointing a 315k bitcoin for the week of November 22.