The analysis focuses on Bitcoin's upward trend, noting it has reached an ideal zone for the fifth wave. The trend is considered up, anticipating at least one more high. The speaker expects a potential push to the next upside level targeting the 138% extension at $118,490, derived from the September low. While in a resistance area entered on Friday, the price action has been sideways, awaiting a decisive move. The analysis concentrates on a shorter timeframe, aligning with projections, mentioning a previously discussed $118,000 level and a VRVP indicator.