The analysis focuses on Bitcoin's price movements using Elliott Wave theory. The speaker notes a prior 'invalidation' for a downward impulse, indicating a shift in market dynamics. The current expectation is a push towards higher prices, with a confirmation level for this upward movement identified around $94,621.34. The primary short-term target is set at the 1.0 Fibonacci extension level, projected to be approximately $104,944.37. If this level is breached, a more aggressive impulsive move toward new highs is anticipated, leading to a potential bull run. Conversely, the analysis highlights an 'invalidation of bullish' scenario if the price falls below $90,334.58, suggesting a return to a more dominant bearish structure. The larger market trend is still described as bearish, with the current upward movement interpreted as a corrective phase (wave 2 or B) within that broader downtrend. However, the immediate prediction for the asset's trajectory is bullish, aiming to test and potentially surpass the stated target levels. The long-term bearish outlook would involve further diagonal declines to lower targets, such as $75,323.90, $72,059.73, and $67,075.78, should the current bullish attempts fail to establish higher price confirmation.