In the wake of the past two week's impulsive price action, imbalances have emerged on multiple time frames. With these imbalances leaving volume gaps behind, if 116 doesn't hold, 110-112 is likely the discount zone, where institutions step up their buying. I'm inclined to believe that, with the lower highs, we're headed there. 
BTCUSD
BTCUSD 
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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.