The analyst identifies a fractal pattern on the Bitcoin chart, suggesting a bullish move if the old all-time high of 125,000 is conquered. However, he also notes a short-term roadblock and resistance at around 118,000 to 118,500, with a pattern that resembles a possible cup and handle if this resistance is broken. Below 110000, 109000 we can consider the opposite and the bear are right. Ethereum is outperforming Bitcoin. The total crypto market cap is testing all-time highs around 3.95T which could form a local top. The 4-year cycle suggests that Bitcoin continues upward and potentially reaches the top October; the support level should be around 110,000