The analysis suggests a potential bearish trend for Bitcoin. The primary bullish scenario targets around 100k, contingent on maintaining above a testing area of 99047.02 to 102720.04. A deeper correction to 0.618 fib level, is invalidated if price goes below 106040.13. The analysis also considered Bitcoin dominance; currently is looking for a potential reversal, however the trend may continue downwards if it moves below current levels.