The analysis identifies critical resistance for Bitcoin, focusing on a range between $126,000 and $131,000, derived from historical data starting in 2017. The analyst points out a major resistance band that has had retests, identifying all time high price and also two week RSI triangle which is forming and hasn't broken yet. Breaking $132,000 could open the way for further gains, breaking resistance levels of chart. The analyst mentions a caution to the range which if broken downwards may make to consider the bearish market.