The analysis is based on the Bitcoin/USD daily chart, using the TC Top & Bottom Finder, Price vs. Whale Money Flow, and Trades in Favor indicators. The analyst claims BTCUSD is in an uptrend following a higher high and higher low formation above the blue midline. The blue midline acts as a major resistance. Whale money is buying into the market. The trader expects a potential drop down near $109993 to create an even higher low formation, followed by a move up to $116900. Breaking the mentioned resistance could send BTCUSD up to $116900 or even $117000.