$BTC Bitcoin is holding firm above a key demand zone, showing strong buyer interest despite recent volatility. Price action has compressed into a bullish flag pattern, typically a continuation structure after a sharp impulse move. This suggests the market is cooling off, not reversing.
Volume has declined during consolidation — a healthy sign that selling pressure is weakening rather than accelerating. As long as BTC remains above the major support range, bulls stay in control of the structure. A clean breakout above the flag’s upper trendline could trigger the next impulsive leg higher.
Momentum indicators are stabilizing, hinting that accumulation may be underway. If confirmation comes with rising volume, upside targets toward the recent swing highs come back into play. However, a breakdown below support would invalidate the bullish setup and shift bias short-term bearish.
For now, structure favors patience and upside continuation — Bitcoin is coiling, not collapsing. 📈
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