BTC trading range and how it'll turn bullish explained

Updated
Zooming out, BTC has established a trading range over the last month. Every trading range is bound to have a breakout sometime and looks like it's in last stage: Wyckoff's spring/LPS as supply is gradually running out of steam. Targets: 11600, 12300.
Note
Idea no longer valid imo. Seeing signs of distribution.
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