The analysis focuses on the short-term timeframe for Bitcoin, noting consolidation above the week's low, around $99,000. A critical level is identified at $105,000, which is the 50% retracement level and has acted as resistance. Previous swing lows formed in October around this level, which previously served as support in recent weeks, has now flipped to resistance. The price is currently retesting this level from below, after a retest on Wednesday. The $105,000 level also represents the 50% retracement point.