Just a few days ago, Bitcoin hit a fresh all times, as happens, the celebration did not last long.
The Bitcoin price responded quickly to the disadvantage and moved all the way to the $ 113k region. For many, the decrease as the market that attracted the carpet felt, but if you have been close enough for long enough, you know that this game is often about liquidity.
The last time I said how the next goal could be the “last layer to left” before a serious movement is higher. Why? Because some lows work like magnets.
They are full of liquidity – losing stops from traders who went on those levels for a long time. In clear words: when the price visits those zones again, it often wipes them before it makes a bigger move.
That is exactly what happened.
Price just below that layer, almost kissed the H4 question zone that I had marked, and then tore up with strong volume. Of course Powell’s speech yesterday gave the market that extra shock – Fundamentals that meet technical technical means in one of those perfect market storms.
Now, here is the interesting part.
Although the Bitcoin price has been bounced, it leaves the liquidity above.
That means that the price can easily climb higher in the future to ‘clean up’ those levels before they even think of another drop. It is just like the market that says, “I will come back later.”
But – and this is the tricky bit – we can never be 100% sure.
Bitcoin can do what it wants. These are scenarios, no guarantees. That is part of the game: mapping possible paths, knowing that the market is not owing to us.
So, as I see it, we are in a zone where both Bullish and Bearish traders can build a business. Liquidity above? Account. Question reaction below? Check too. It is a chessboard and Bitcoin is the one moving the pieces.
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