The analysis reviews Bitcoin's price action, highlighting a breakout above the 90-day rolling VWAP at 113000. It notes the price holding above the 30-day rolling VWAP, signaling an auction for higher prices. A fair value gap at around 113000 is identified. The analysis argues against a bearish outlook, citing positive technicals and supportive fundamentals in equity markets such as the S&P 500 and Russel 2000 . The volatility index is relatively low. It suggests a potential pullback to around 113000 could occur before continuation towards the 117000 - 118000 range, which is marked as the next primary price target. The video talks about CPI and inflation rate data influence the Bitcoin and overall markets. Finally the video outlines that as long as price holds 113000 the view is bullish.