The video discusses Bitcoin's potential price movement based on Elliott Wave Theory on the daily timeframe. According to the analysis, Bitcoin is currently in an unfolding C wave that began on June 22nd. The analyst suggests that if a C wave to the upside has started, it should result in a five-wave move upward, with an impulse potentially leading to a target of around 130k or slightly higher. If a diagonal pattern were to form, the presenter believes one more low would be seen with a larger correction and top could be in. Next support levels are at 107630, 105230 and 98480. However, the presenter is not convinced by the recent reaction to the upside from the Sunday low because that would overlap previous waves. On the 15 minute chart, the probabilities for the orange scenario have dramatically increased and that the probabilities for shorting at 117k have increased.