The analysis discusses Bitcoin on a daily timeframe, noting the price is currently around 112,311. It identifies key decision points for resistance between 115,425 and 120,404. There are scenarios for higher prices either directly to 130,000 or after a broader correction in an ABC structure. The long-term logarithmic chart suggests Bitcoin is nearing the end of a major five-wave rally from the 2018 low, with a potential ABC correction before further upside. Alternatively another possible count has completion from 2010, a third from 2022 lows and the price action is contained between 112,769 and 108,580 suggesting triangle formation. The support line according to the power law chart has not been broken. If the price breaks below support at 108,580 then the price should dive below.The ideal target for a wave five is determined to be 129,395.