Bitcoin Bullish Scenario
Bitcoin has been trading inside of this range for the last several days. The market structure on the HTF right now is bullish though as we’ve bounced from range bottom on a classic three-tap setup. I’m looking for price to sweep this current mini range lows into 62000s and potentially even 60800 and to leave a wick behind; this would be the equivalent of a V reversal on a very small timeframe such as the 5min. This should trigger the next leg higher up to sweep the 65000 highs and eventually the 67000 level.
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