Bitcoin Has Broken Through the Sellers’ Stronghold (12H) for BINANCE:BTCUSDT by behdark — TradingView

First of all, understand that we are not biased toward any analysis. Our goal is to keep updating our market outlook in the right direction, not to insist on an incorrect analysis!

Bitcoin is consolidating around the Flip zone! This zone was the sellers’ last line of defense. Now, as buyers are reclaiming this zone in the direction of the trend, a bullish CH on the same timeframe where we previously had a bearish CH indicates that buyers are back in control and Bitcoin is targeting higher levels.

Above the current price, we have a liquidity pool, along with pivots and order blocks that have already been consumed. Bitcoin should have little difficulty breaking through these levels.

For conservative and cautious traders, the final bullish confirmation requires the Key level to be engulfed. Once this happens, they can look to join the bullish move toward the targets marked on the chart.

Bitcoin will turn bearish again only if a daily candle closes below the invalidation level.