#BTC Analysis: Historical High Achieved, Potential Rebound Ahead
In the 6-hour Bitcoin chart, the price first moved toward liquidity zones below $90,000, completing a stop hunt and liquidity sweep. Following this, Bitcoin surged over 20%, reaching $109,400 and marking a new all-time high, hitting all announced targets.
Today, Bitcoin faced a 7% correction from $105,000 to $97,500, creating a significant liquidity void (LV). A further retracement toward the $94,400–$96,000 zone could attract renewed demand, potentially filling this LV and paving the way for a rebound.
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Today, Bitcoin faced a 7% correction from $105,000 to $97,500, creating a significant liquidity void (LV). A further retracement toward the $94,400–$96,000 zone could attract renewed demand, potentially filling this LV and paving the way for a rebound.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
Trade closed: target reached
By analyzing the #Bitcoin chart on the 6-hour timeframe, we can see that the price started recovering earlier than expected to fill the liquidity gap created by the previous drop. As a result, BTC surged from $97,700 to $103,300 since yesterday.
Currently, Bitcoin is trading around $102,600, a key supply zone that could lead to a price rejection. However, if BTC stabilizes above $102,500 in the next 6 hours, we may see further upside movement toward $104,200 - $105,300 today or tomorrow.
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📣 Join My FREE Channel on TG for more TA 👉🏼 t.me/PriceAction_ICT
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.