BTC Pullback Expected to $114K Before Next Leg Up!

Bitcoin is currently consolidating inside a bullish flag pattern on the 4H timeframe. The price could retest the flag support, where the 100 EMA will act as dynamic support. Additionally, there is a CME futures gap at the $114,200 level, which also aligns with the 0.5 Fibonacci retracement level. Therefore, a retest to the $114,200 zone is likely before the next potential upward move.

A potential bullish reversal could occur if BTC retests this zone and confirms a bounce. A breakout from the bullish flag pattern could signal the next leg up.

Cheers
Hexa🧘‍♀️

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