The analysis begins with a focus on Bitcoin's current position relative to a resistance level. The Bitcoin price is at $111404. The analyst suggests the price needs to overcome this resistance area to continue a bullish trend. The discussion refers to a prior video providing relevant background information on what Bitcoin price is preparing to do according to the analyst's strategy, implying a comprehensive understanding is built upon prior analysis, he presents a target of $113500 to the upside. The analyst mentions potential bearish scenarios, referring to targets below $100,000 being discussed by others, which he regards skeptically. Mentions that if Bitcoin goes to $100000 it would be around $98000 in terms of their strategy. Overall the forecast is moderately bullish, contingent on overcoming the resistance level mentioned, in the 1 Week timeframe.