The analysis forecasts Bitcoin's potential to reach $118,000, presenting an alternative bearish scenario. The analysis focuses on the daily timeframe for the broader trend with a possible target of $122,000. He suggests if the price consolidates in range between 115000 and 107000 before breaking the $118,000 resistance, it could lead to a trend reversal. The analyst evaluates momentum through MACD as a tool to indicate the price. He presents support levels and potential future movements in the weekly. The analysis finishes emphasizing that is more likely to go to $118,000 but considering a breakdown to 107000 invalidating his long forecast.