The analysis identifies a higher high formation, suggesting an uptrend for Bitcoin. Even with potential downside drops in the coming days, the analysis suggests the market is officially in an uptrend. The next resistance is at 117000, a 2.51% move up. Altcoins are expected to move two to three times more than Bitcoin's move. The analysis shows whales continue buying, which continues to push prices up. A break below 110000 would invalidate the uptrend, putting the market back into a downtrend. On the weekly time frame, well money has a lot of room to move up. It is important to watch well money vs price on the daily and weekly time frames.