The analysis reviews Bitcoin's price movement within a blue price channel. The market moved up from a September low, and the price hit a structural support level formed in July, later confirmed in late August and early September. The price increased into resistance, reaching the 61.8% retracement level. The 61.8% Fibonacci retracement level is noted as a common and relevant level and is currently at $117,450. Overall, the presenter indicates that the price action is aligning with forecasts.