Bitcoin Bullish Scenario : Preparing for an Upswing

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Bitcoin has been consolidating within a defined range, showing bullish market structure on higher time frames (HTF).

The recent bounce from the **range bottom**, characterized by a classic **three-tap setup**, suggests upward momentum. Observing price action, I anticipate a sweep of current mini range lows, potentially dipping into the **$62,000** and even **$60,800** levels, which could leave a wick behind. This setup mimics a V reversal on the 5-minute timeframe, likely triggering the next upward leg to target the **$65,000** highs and eventually reach **$67,000**.

Conclusion :

The bullish market structure indicates a favourable scenario for Bitcoin, with potential for significant price movement ahead.

Advice for Traders and Investors :

- Watch for confirmation of the dip to the $62,000 region before entering positions.

- Consider setting profit targets at the $65,000 and $67,000 levels.

- Maintain strict risk management to protect against potential volatility.