Final move by the bears? Bulls lining up for ATH

Hi traders and investors!

Buyers have reached the first target at 108,952.
On Binance spot, BTC missed the second target (110,530.17) by just 99 cents.

Is this a setup for a breakout and a run toward a new ATH?

So far, the price action looks like a level manipulation around 108,952: volume in all 3 bars interacting with this level is concentrated above it.

Just below lies a buyer zone (107,500 – 105,100).
I am watching for buyer reaction once the price reaches this area.


This analysis is based on the Initiative Analysis concept (IA).

Wishing you profitable trades!