The analysis focuses on Bitcoin's potential upward movement within a defined price channel. The market reacted to a micro support region between $113,490 and $114,975. Price is grinding higher within this price channel. The focus remains on higher prices, as no support levels have been breached. The analysis is tracking a fifth wave to the upside, with the fourth wave likely bottoming out on Monday. The target price is the 161.80% level which is $119,869.