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The analysis on Bitcoin suggests a potential bullish continuation. The price is currently in a triangle formation, with the last wave E unfolding as a zig-zag. If the price breaks above 70970, it could lead to higher prices, with the current possibility indicating a wave 4 and open for a wave 5. Targets might reach a new low around 60K if the bearish scenario plays out. Conversely, a more bullish scenario involves breaking above 82K, which would signal a further upward move, potentially reaching 100K. The invalidation for the bullish scenario is at 67549.49, while the confirmation for a higher move is above 71181.83. The time frame for this analysis is 1 hour.