Bitcoin eyes next upside target as analysts track key fair value gap

Bitcoin is rebounding after a sharp sell-off, with analysts highlighting reclaimed support, a filled fair value gap, and a looming imbalance zone that could define the next major move.

Bitcoin has demonstrated signs of strength following a sharp decline, with the cryptocurrency reclaiming key support levels, according to market analysts.

Crypto analyst Crypto Patel stated in a recent market update that Bitcoin (BTC) has completed a technical move by filling the Fair Value Gap (FVG) and reaching the Bearish Order Block as previously projected. Traders who positioned for upward movement likely captured a long setup, Patel noted.

Analysts flip the script on BTC above $90k

The focus has shifted to Bitcoin’s next major target, with a highlighted FVG representing the upcoming high-timeframe imbalance zone, according to Patel. The analyst expects Bitcoin to move toward that zone before any significant corrective movement occurs, aligning with a macro outlook that anticipates an upward sweep into that region before momentum weakens.

Patel outlined a clear invalidation point for the bearish bias, stating that a sustained high-timeframe close above a significantly higher level would negate the existing bearish market structure. Such a breakout would signal the start of a new bullish phase for Bitcoin, potentially setting the stage for a fresh all-time-high trend, according to the analyst.

According to analyst The Boss, Bitcoin’s recent price action shows early signs of strength. After the sharp decline, Bitcoin reacted at local support and pushed back above a key support level, indicating renewed buyer confidence. The chart reflects a stable support zone that has held against downward pressure, The Boss stated.

The rebound appears driven in part by improving macro sentiment, including softer expectations around Federal Reserve tightening, a rise in overall risk appetite, and a shift toward risk-on assets, according to The Boss.

From a technical perspective, The Boss noted that Bitcoin must continue holding above the support range to form a meaningful upward wave. However, the analyst cautioned that without clear confirmation from momentum indicators and sustained trading volume, the current move could be limited. The possibility of a dead-cat bounce remains following the aggressive sell-off, The Boss stated.