The analysis, based on Elliott Wave theory, suggests Bitcoin is currently in wave 5 of an extended bullish cycle that began at 15k. It anticipates a continuation of wave 5, with several internal sub-waves to conclude the uptrend possibly hitting the 130k mark or not even reaching the acceleration channel, followed by an expanding flat wave ABC correction. This correction targets a price range between 72.5k and 66.2k, marking a significant bearish move. Invalidation of this bearish scenario is placed at 110.6k. The analysis suggests a large risk if it surpasses 110.6k. Time analysis is approximate.