🔍 Price Action Setup
IBIT is forming a tight bull flag just beneath key resistance at $64 after a strong impulsive move off the $42.75 base. Structure remains bullish with price holding above the 20 EMA, and volume compression setting the stage for a breakout.
📈 Trend-Based Fibonacci Extensions
If this flag breaks, here's how the upside unfolds based on the trend-based Fib extension:
1.27 – $82.50
1.382 – $85.75 (Measured Move Target)
1.50 – $89.50
1.618 – $93.00 (Full Extension)
These levels align with the prior flagpole projection and market structure above. If bulls step in on volume, $85.75 becomes the logical first destination.
🌊 ETF Inflows Confirm the Narrative
IBIT has pulled in roughly $3.3B in recent inflows, leading the pack during a 12-day net inflow streak across spot Bitcoin ETFs. Institutions are clearly still positioning, and that's reflected in the tape. Tuesday alone brought $436M+ into spot Bitcoin ETFs.
₿ BTC Leading the Way
Bitcoin is holding strong above prior resistance and pushing higher. IBIT looks like it’s just waiting on a breakout confirmation to follow.
📌 Key Trade Levels
Breakout Trigger: Close above $64
Target Zone: $85.75 first, then extended to $93.00
Invalidation: Break below $56 structure
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🧠 This is not financial advice — just a look at structure and flow through the DC Trading lens.
📲 Follow the journey on IG: DC_Trading_Journey
IBIT is forming a tight bull flag just beneath key resistance at $64 after a strong impulsive move off the $42.75 base. Structure remains bullish with price holding above the 20 EMA, and volume compression setting the stage for a breakout.
📈 Trend-Based Fibonacci Extensions
If this flag breaks, here's how the upside unfolds based on the trend-based Fib extension:
1.27 – $82.50
1.382 – $85.75 (Measured Move Target)
1.50 – $89.50
1.618 – $93.00 (Full Extension)
These levels align with the prior flagpole projection and market structure above. If bulls step in on volume, $85.75 becomes the logical first destination.
🌊 ETF Inflows Confirm the Narrative
IBIT has pulled in roughly $3.3B in recent inflows, leading the pack during a 12-day net inflow streak across spot Bitcoin ETFs. Institutions are clearly still positioning, and that's reflected in the tape. Tuesday alone brought $436M+ into spot Bitcoin ETFs.
₿ BTC Leading the Way
Bitcoin is holding strong above prior resistance and pushing higher. IBIT looks like it’s just waiting on a breakout confirmation to follow.
📌 Key Trade Levels
Breakout Trigger: Close above $64
Target Zone: $85.75 first, then extended to $93.00
Invalidation: Break below $56 structure
—
🧠 This is not financial advice — just a look at structure and flow through the DC Trading lens.
📲 Follow the journey on IG: DC_Trading_Journey
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.