Bitcoin Targets Higher Price Zone Amid Technical Setup

Bitcoin reclaimed critical support levels following a sharp decline, with technical indicators pointing toward the next major imbalance zone as exchange outflows signal growing conviction among long-term holders.

The leading cryptocurrency pushed back above key support after testing lower levels, demonstrating renewed buyer confidence as market participants position for potential upward movement.

Exchange data reveals significant withdrawal activity, with 14,858 Bitcoin moving off platforms over the past week.

According to Crypto Patel on X, Bitcoin completed a technical sequence by filling the Fair Value Gap and reaching the Bearish Order Block as projected. Traders positioned for upward movement likely secured long setups during this phase.

The focus has shifted to the next major target, with a highlighted FVG representing an upcoming high-timeframe imbalance zone.

Patel expects Bitcoin to advance toward that region before any significant corrective movement occurs, aligning with a macro outlook that anticipates an upward sweep before momentum weakens.

Market Structure Points to Continued Strength

Patel outlined a clear invalidation point for bearish bias, stating that a sustained high-timeframe close above a significantly higher level would negate the existing bearish market structure.

Such a breakout would signal the start of a fresh bullish phase, potentially setting the stage for a new all-time-high trend.

The technical move confirms Bitcoin's ability to respect key price zones. A Fair Value Gap forms when price moves rapidly in one direction, creating an area where price did not trade efficiently. These gaps often attract price action as markets seek to rebalance liquidity.

According to The Boss on X, recent price action shows early signs of strength. After the sharp decline, Bitcoin reacted at local support and pushed back above a key level, indicating renewed buyer confidence. The chart reflects a stable support zone that has held against downward pressure.

The rebound appears driven partly by improving macro sentiment, including softer expectations around Federal Reserve tightening, a rise in overall risk appetite, and a shift toward risk-on assets.

The Boss noted that Bitcoin has shown a clear reaction after the recent decline and started rising again with renewed buying interest across the market.

Exchange Outflows Signal Growing Conviction

Crypto Patel on X reported that exchanges recorded 14,858 Bitcoin in net outflows over the past seven days and 47,292 BTC in the last 30 days. These figures represent strong signals of increased self-custody withdrawals and long-term holder conviction.

The substantial outflow activity suggests market participants are moving assets off exchanges for longer-term storage, typically interpreted as a bullish signal. When Bitcoin leaves exchanges, available selling pressure decreases, potentially supporting price appreciation.

From a technical perspective, The Boss emphasized that Bitcoin must continue holding above the support range to form a meaningful upward wave.

However, the analyst cautioned that without clear confirmation from momentum indicators and sustained trading volume, the current move could remain limited.

The possibility of a temporary bounce remains following the aggressive sell-off. The Boss stated that after such a sharp drop, price action requires validation through momentum and volume confirmation to establish a sustainable upward trend.

The current technical setup places Bitcoin at a critical juncture. The cryptocurrency has demonstrated its ability to defend key support levels while positioning for potential advancement toward the next Fair Value Gap zone.

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