After breaking out of the large flag pattern that had been forming on the daily chart, Bitcoin pushed upward with conviction — fueled by a clean 4-hour impulse move. This move carried price directly into a major resistance zone that has held for the past 7–8 years.
I was initially skeptical of a full continuation here, given the historic strength of this zone. But observing how price behaved — especially the smooth structural advance, EMA alignment, and volume absorption — I’ve revised my bias.
We’ve seen liquidity swept from the downside, and price continues to find support in every micro-dip. Given the compression and resilience at these levels, I now expect the market to push further.
Key zone to watch: If we reclaim the midrange after this consolidation, a clean extension beyond the resistance becomes increasingly likely.
Caution: This is not a blind long — entries must be placed with discipline, especially as we test macro resistance.
#BTC #PriceAction #TradingView #CryptoAnalysis #Breakout
I was initially skeptical of a full continuation here, given the historic strength of this zone. But observing how price behaved — especially the smooth structural advance, EMA alignment, and volume absorption — I’ve revised my bias.
We’ve seen liquidity swept from the downside, and price continues to find support in every micro-dip. Given the compression and resilience at these levels, I now expect the market to push further.
Key zone to watch: If we reclaim the midrange after this consolidation, a clean extension beyond the resistance becomes increasingly likely.
Caution: This is not a blind long — entries must be placed with discipline, especially as we test macro resistance.
#BTC #PriceAction #TradingView #CryptoAnalysis #Breakout
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.