Bitcoin's Price Targets $82,888 After Swing Failure Pattern

Bitcoin's price is currently targeting the low point from Monday after a failed breakout attempt. The cryptocurrency reached a local high near $86,500, but a swing failure pattern emerged, trapping aggressive long positions and sweeping upside liquidity. This pattern is characterized by price movements that take out a key high, trap long positions, and then reverse with force, creating a momentum shift in the opposite direction.

Order flow data confirms that significant long exposure is now underwater, with 959 BTC in market orders opened at the top. This trapped liquidity is now being targeted by the market, with the next key level being the Monday low at $82,888. This zone remains untouched and could act as the next target in Bitcoin’s intraday deviation from one liquidity pocket to another. Such moves typically trap breakout traders, leading to a shift in momentum.

Sunday’s high acted as a magnet for price, with liquidity built up from short traders expecting a reversal. Once the price broke above this level, it failed to hold, creating the swing failure pattern. This pattern is a hallmark setup where price takes out a key high, traps longs, and reverses with force. The order flow chart provides critical insight, showing 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.

With those long positions now trapped, the market is hunting the next pool of liquidity, which lies at the Monday low. The $82,888 level is a logical magnet for price action and aligns with intraday liquidity theory—price will seek out the cleanest levels that haven’t yet been tapped. If that low is swept, it could produce a bullish swing failure to the downside—mirroring the same pattern we’ve just seen at the highs. This would complete a short-term range rotation and set up the next move higher within the existing structure.

It is now important to watch for price to sweep the Monday low at $82,888. If a swing failure pattern forms at that level, it presents a high-probability long entry, targeting the mid-range or highs. Until then, downside remains favored. As always, price action should be used with discretion and proper management.