According to the analysis of the current Bitcoin price movement based on Elliott Wave Theory, the rising trend since June 23 seems to have completed a five-wave impulse structure. The subsequent pullback exceeded $3000 and was more than 20% of the previous rise, indicating that the previous upward phase may have ended and the market is entering a mid-term adjustment phase.

Currently, the Bitcoin price is fluctuating between 105790 and 102245 dollars, and has not yet broken the key support level of 100318 dollars, which indicates that the overall trend is still leaning towards bullish. If the market can form a new wave structure as expected, the third wave or C wave may once again hit the 110769 to 111980 dollars area, which is also the area of the previous unfulfilled target.

It is worth noting that if the Bitcoin price breaks through $112,000, the market may enter a higher level of pump waves, and may even form the so-called 'Super Wave III-5' structure. In this case, the rising momentum may not just stop at previous highs, but is expected to explore a broader upward space.

However, investors still need to be cautious of potential pullbacks and fluctuations in the short term. The market may need to go through one to two adjustments before re-establishing an upward trend. Only after these adjustments are completed can the continuation of the mid-term trend receive stronger confirmation.

Overall, although the market may face some volatility in the short term, from the perspective of Elliott Wave Theory, Bitcoin still maintains a relatively positive medium to long-term outlook. Investors should closely monitor key price levels for breakouts or support to seize potential investment opportunities.