The analysis focuses on Bitcoin's potential bull market continuation. Bitcoin had a V-shaped recovery jumping from 82k to 94k to reach 104k. It has fundamental strength by a scarcity factor of two compared to gold, while gold's value is 10 times higher than Bitcoin. The speaker is bullish due to the market cycle model showing bull market signs, the end target is 400k based on the fundamentals. The RSI currently at 66 average since more than a year. In general, all the realized prices are increasing.