Based on anlaysis and the current price action around $93,200, here's a breakdown of bullish signals and factors that support your idea of BTC potentially reaching $95,000–$95,600
Bullish Indicators in Your Chart:
1. FVG (Fair Value Gaps): Several FVGs below the price indicate liquidity zones that were respected. The recent FVG was filled and price bounced, supporting bullish continuation.
2. Trendline Support: BTC is respecting an ascending trendline, showing a series of higher lows—a bullish structure.
3. BOS (Break of Structure): A previous bullish BOS was confirmed after price reversed from the demand zone, which often signals trend continuation.
4. Liquidity Grab ($$$): The triple dollar signs show liquidity points (likely stop hunts). Once those are taken, price often reverses in the opposite direction. Since liquidity was swept and price is now moving upward, that's bullish.
5. Price Action Near Resistance: Price is consolidating just below the resistance zone (~$93.4K–$94.5K). If it breaks this, it may lead to a sharp move up.
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Factors Supporting a Push to $95,000–$95,600:
Psychological Level: $95,000 is a round number, often acting as a magnet when the price trends that way.
Volume Confirmation (if any): If there's increasing volume during the breakout, it will validate bullish strength.
Order Block & Imbalance: Price may be targeting an imbalance or order block around $95.6K, which is your TP zone.
Overall Structure: As long as price holds above $92,570 (your stop-loss level), the bullish idea is valid.
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Risk Management Tips:
Keep SL tight at $92,570 as shown.
Watch for a clean break and close above $93,500–$93,800 with volume.
Monitor Bitcoin dominance and USDT.D for risk sentiment shifts.
Want me to analyze it with current on-chain or sentiment data to increase accuracy?
