After a sharp rally past the $122,000 mark, Bitcoin is now undergoing what appears to be a textbook pullback — not a sign of weakness, but a calculated pause. On the H4 chart, BTC has retraced into the $115,000–$117,000 zone, aligning perfectly with a key Fair Value Gap (FVG) left unfilled during the breakout. This zone also overlaps the Ichimoku cloud, suggesting strong dynamic support. Volume has slightly tapered off during the decline, pointing more toward profit-taking rather than a structural breakdown.
Importantly, the bullish structure remains intact: higher highs and higher lows continue to dominate, previous FVGs are respected, and the main trend remains underpinned by institutional demand from the $110,000 base. A clean breakout above $122,800 could reignite momentum toward $126,500 or even $130,000 — areas where liquidity from prior distribution zones still lingers.
Importantly, the bullish structure remains intact: higher highs and higher lows continue to dominate, previous FVGs are respected, and the main trend remains underpinned by institutional demand from the $110,000 base. A clean breakout above $122,800 could reignite momentum toward $126,500 or even $130,000 — areas where liquidity from prior distribution zones still lingers.
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