$BTC
š„ Bitcoin ($BTC) has successfully inverted the Hourly SIBI (Sell-side Imbalance, Buy-side Inefficiency) and displaced higher, showing promising strength. However, BTC remains trapped within the Daily SIBI, which acts as a major resistance.
š” Iām eagerly watching for a daily candle closure above $115,500, which would confirm the bullish breakout and potentially pave the way for Bitcoin to achieve another All-Time High (ATH).
š The Current Setup:
BTC is displacing from the Daily BISI (Bullish Imbalance, Sell-side Inefficiency).
The Daily SIBI is capping further upward movement.
Inversion of this SIBI on the daily timeframe could allow BTC to target External Range Liquidity, sitting at the ATH.
Historically, when clean relative equal highs are left above the price, they act as a magnet, drawing the price upward. This is exactly the scenario BTC is currently in, and Iām closely monitoring the price action for confirmation.
šØ Disclaimer: Iām not a trader or financial advisor. Please do your own research (DYOR) before entering any trade.
#Bitcoin #BTC #CryptoAnalysis #MarketWatch #BISI #SIBI #IPDA #AllTimeHigh #BinanceHODLerPROVE #BinanceHODLerTOWNS #BTCReserveStrategy