The post Bitcoin price targets Monday low after failed breakout appeared on BitcoinEthereumNews.com.

Bitcoin may have printed a local top near $86,500 after a swing failure pattern swept upside liquidity. Order flow data confirms that aggressive long entries were trapped at the highs, with price now targeting resting liquidity lower, particularly around the Monday low at $82,888. All eyes are now on Bitcoin’s (BTC) Monday low at $82,888, a key liquidity pool that remains untouched. This zone could act as the next target in Bitcoin’s intraday deviation from liquidity pocket to liquidity pocket. These types of moves typically trap breakout traders, creating a momentum shift in the opposite direction. With order flow confirming significant long exposure now underwater, the path of least resistance has shifted to the downside, targeting the untapped liquidity below. Key points covered in this article: Swing failure pattern trapped long positions at recent highs Order flow chart shows 959 BTC in market orders opened at the top Price now targeting the Monday low at $82,888 for liquidity sweep Source: TradingView Sunday’s high acted as a magnet for price, with liquidity built up from short traders expecting a reversal. Once price broke above this level, it failed to hold, creating a swing failure pattern—a hallmark setup where price takes out a key high, traps longs, and reverses with force. This is where the order flow chart provides critical insight. When zooming in, you can clearly see that 959 BTC worth of market orders were opened directly after Bitcoin took out the Sunday high. These positions were entered at the local top and are now immediately underwater, forming the trap dynamic that often fuels aggressive moves in the opposite direction. This creates the classic chain reaction of stop-losses and premature closes, pushing price lower. With those long positions now trapped, the market is hunting the next pool of liquidity, which lies…

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Filed under: News - @ April 16, 2025 2:27 am