Bitcoin Price Prediction: Two Unfilled Fair Value Gaps Point to Key Directions, Potential Targets Look Towards the $120,000 Area

Recently, the price of Bitcoin (BTC) has shown a bearish trend, leaving behind key unfilled Fair Value Gaps (FVG) on the chart. Renowned crypto analyst TehThomas pointed out that there are currently two key FVGs (located above $117,000 and above $111,000 respectively), and the process of filling these gaps will dominate the short-term price direction of Bitcoin, involving the cleaning of key liquidity levels. The price of Bitcoin needs to complete this series of actions (gap filling, liquidity grabbing) to build momentum for a potential effective breakout, with a target looking towards the $120,000 area. This article will deeply analyze the meaning of FVG in Bitcoin's price chart and its impact on future market trends.

Two major unfilled Fair Value Gaps (FVG) suppress Bitcoin prices

According to TehThomas's analysis, Bitcoin has formed a Fair Value Gap (FVG) both above and below the current support level. The first FVG is located above $117,000 and is expected to be filled first. This position has accumulated a large amount of Liquidity Pool, which is likely to become the upper Imbalance Zone that the price will test first. If the price reaches this area, it will trigger a large number of stop-loss orders and may trap those Late Longs who bought in at a false breakout.

FVG Filling Path and Potential Reversal Signals

However, TehThomas believes that even if the Bitcoin price briefly breaks through $117,000 to fill the upper FVG, this breakout is unlikely to last, as it only fills one FVG. The second FVG is located just below the recent low recorded in early August, slightly above $111,000. Analysts expect that after a brief upward move, the price will retreat to test this lower FVG. Interestingly, this pullback itself may be a Bullish Signal, as it will fill the lower Market Imbalance at a position with strong demand.

Liquidity washing paves the way for breakthroughs

Similar to the upward sweep above the $117,000 area, the process of retracing to $111,000 to fill the lower FVG is expected to clear the Internal Liquidity within the chart. This will provide Bitcoin price with a "clean starting point," freeing it from its recent Compressing Structure and potentially marking the beginning of the next significant upward trend.

Key trend line resistance determines final direction

Once the above filling and liquidity cleansing actions are completed, analysts turn their attention to the Descending Trendline on the Bitcoin chart. Thomas pointed out that for the Bitcoin price to continue rising, it must effectively break through and stabilize above the imbalance zone of that trendline. The defense of this threshold will be key to confirming the subsequent Price Direction of Bitcoin.

Breakthrough Target Level and Complete Cycle Outlook

After the internal liquidity at the end of the trend is completely cleared, Bitcoin will be in a "clean position to initiate a rise." The target will be the liquidity accumulated in the previous Wicks and Area of Rejection, which could reach around $120,000. Thomas summarized: "This will complete the full cycle of Imbalance Fill, Liquidity Grab, and Directional Expansion." However, he also emphasized: "The price is unlikely to sustain an upward trend before both Zones (referring to the FVG around $117k and $111k) are resolved."

Conclusion: Be patient and wait for key signals, pay attention to FVG and liquidity levels

TehThomas's analysis emphasizes the decisive role of two key Fair Value Gaps (FVG) on the current Bitcoin chart in determining the short-term price direction. Investors need to closely monitor the testing and filling of these two areas above $117,000 and $111,000, as well as the accompanying liquidity cleansing process. Only by successfully completing this series of technical actions, clearing key resistance, and stabilizing above the trend line, may Bitcoin accumulate enough momentum to effectively attack the target area of $120,000. Market participants should remain patient and wait for confirmation of these key Technical Signals to seize potential opportunities for a Bitcoin Bull Run.

Analyst's View: The Bitcoin price is currently in a critical consolidation phase. Filling the FVG and liquidity cleansing are necessary preparations before a breakout, and the directional choice will become clear after the resolution of the two major gaps.