The analyst discusses Bitcoin's price action. He notes that the bias shifted to bullish. Bitcoin previously tested lows around $103,500, and has since risen. He argues that Bitcoin is in a consolidation phase since July, within the daily time frame. He states that there was real risk to drop down into 104000 and 98000. He identifies the major resistance level at 114000. He also states a minor support level at 109700 where he expects the price to bounce if the trend continue to the upside. The analyst also highlights that the general financial markets fundamentals point towards the upside, with Bitcoin's technicals supporting this. He anticipates Bitcoin will continue a steady uptrend on lower timeframes.