This technical analysis evaluates the potential for Bitcoin's price to reach $109,000, given a current price of $89,934. The analysis examines that a dip below $83,500 invalidates the upward projection and also the presenter mentions Alt coins will outperform Bitcoin. The assessment identifies key price zones. The analysis suggests a potential breakout beyond range lows if Bitcoin closes to 90,000 by end of the week. A bullish outlook considers a potential breakout of falling broadening wedge.