Bitcoin Price May Target Monday Low After Failed Breakout

Bitcoin’s recent upward movement may have reached a plateau near $86,500 after failing to hold above its previous high. Order flow analysis reveals that aggressive long positions were trapped at the top, leading price to potentially target the low point from Monday’s session, around $82,888. Analysts believe this zone will act as a potential next stop for Bitcoin’s intraday trading pattern, with a focus on liquidity pockets. 959 BTC worth of market orders were opened immediately after Bitcoin breached its Sunday high, highlighting the resulting momentum shift and trapping long positions.