Bitcoin Market Outlook
Bitcoin has stalled after printing new all-time highs, now consolidating within a **supply zone** while forming a **bullish flag pattern**. Price is currently testing the **Fibonacci golden pocket** region (0.618–0.65), a critical level for potential reversal or continuation.
A **\$71M liquidation cluster** is stacked around **\$107,000**, just above current price—making it a key magnet for upward movement.
Bullish Scenario
* If price breaks above the supply zone and clears the \$107K liquidation area, we can expect a push toward **flag resistance**.
* A confirmed breakout from the flag could trigger **continuation to new highs**, supported by low resistance overhead and momentum from short liquidation.
Bearish Scenario
* If price fails to hold the golden pocket and breaks below **\$102,000**, a drop toward **\$99,000** is likely.
* This level is reinforced by **two unfilled Fair Value Gaps (FVGs)**, which may act as magnets for price rebalancing before potential recovery.
Bitcoin has stalled after printing new all-time highs, now consolidating within a **supply zone** while forming a **bullish flag pattern**. Price is currently testing the **Fibonacci golden pocket** region (0.618–0.65), a critical level for potential reversal or continuation.
A **\$71M liquidation cluster** is stacked around **\$107,000**, just above current price—making it a key magnet for upward movement.
Bullish Scenario
* If price breaks above the supply zone and clears the \$107K liquidation area, we can expect a push toward **flag resistance**.
* A confirmed breakout from the flag could trigger **continuation to new highs**, supported by low resistance overhead and momentum from short liquidation.
Bearish Scenario
* If price fails to hold the golden pocket and breaks below **\$102,000**, a drop toward **\$99,000** is likely.
* This level is reinforced by **two unfilled Fair Value Gaps (FVGs)**, which may act as magnets for price rebalancing before potential recovery.
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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.