The analysis focuses on Bitcoin (BTCUSD) using the daily timeframe and Elliott Wave theory. Last week, there was a breakout above the upper boundary line of a trend channel, making an upward price movement more likely. The price has finally broken above a key level, suggesting continued bullish momentum. The analysis points to a move above the upper trend line with 136522 as a potential target. Analysis invalid if price action fails to sustain and drop below 110000.