The video discusses Bitcoin's price action, noting an upside potential. It refers to a previous analysis pinpointing a key support level corresponding to swing highs from December 2024 and January 2025. A historical fact is mentioned regarding Trump's inauguration coinciding with a high in January 2025, followed by a correction. The price recently reclaimed this level in July and is now retesting it. Fibonacci support levels are examined, focusing on a zone between 112,950 to 101,569, specifically highlighting the 106,509 level as important due to a wave 4 correction. The analysis suggests the price may reach the 38.2% retracement level, around 112954.34, with a support at 106509.00.