BTC - Bullflag Pattern points to new ATH

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Market Context
Bitcoin has been trading within a well-defined descending channel for several weeks now, respecting both upper and lower boundaries with precision (3 touches on the top, 2 on the bottom). This structure suggests an orderly pullback after a strong impulsive leg to the upside in Q2. As price compresses within this flag-like pattern, market participants are watching closely for signs of breakout or breakdown.

Bullish Fair Value Gap Reaction
Recently, price dipped into a Daily Fair Value Gap (FVG) and bounced strongly — a key bullish signal indicating that demand stepped in at the inefficiency. The FVG also aligns with a retest of the channel’s resistance-turned-support, further validating the bounce. This confluence zone acts as a springboard for potential continuation.

Channel Breakout & Liquidity Above ATH
Price has now broken above the channel structure, shifting the market narrative from consolidation to potential expansion. The breakout zone is located just beneath the All-Time High (ATH) — an area that’s likely loaded with stop orders and breakout buys. A sweep or clean break above the ATH would not only invalidate the prior bearish structure but also trigger a fresh wave of bullish momentum.

Bull Flag Continuation Potential
Structurally, this chart presents a classic bull flag breakout. After a strong impulsive leg up and a controlled consolidation phase, we now see bullish continuation potential toward the 112,000–114,000 region. If the ATH gets breached and reclaimed, it could become strong support in the next leg higher.

Final Thoughts
This is the type of setup that blends both technical precision and market psychology — structure, liquidity, and momentum all coming together. Whether you're already long or watching for confirmation, this move could set the tone for Bitcoin’s next major rally.

If you found this analysis helpful or thought-provoking, please give it a like! And let me know in the comments — do you see this as a true breakout or a trap in disguise?

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Nota

Do you think a new ATH is possible?

8 ore fa

Trade attivo

Trade is on! Im expecting a bounce from here!