The analysis suggests Bitcoin is currently in consolidation mode with no structural changes from the previous day. The price bottomed in a fourth wave in August, and although deep, the wave four is still valid. The analyst does not rule out that it was a B wave low, but it doesn't matter on the smaller time frame. Bitcoin came down in a corrective structure. The August low in three waves and then the price bounced quite strongly. The initial move up was in five waves. The nano structure is messy so there is not a lot of structure to work with. Bitcoin found support at the previous all-time high from May. The analyst prefers a broader wave 4 with a target of 114884 but the wave B could extend and overshoot. As long as the trendline is holding there is no way to confirm a C wave. The analysis recommends watching for higher prices and the overall trend is down and to keep an eye on the trendline.