The Wyckoff model is a $ 100K RESTEST hint and there is no Bitcoin price ‘TOP’.

Bitcoin (BTC) has fallen to 21.40%over a month after a record of about $ 109,300.

Nevertheless, some analysts are optimistic in anticipation of continuing optimistic trend in 2025.

The Wyckoff Reacumulation model is a hint of $ 100K Restest

Wyckoff Reacumulation Pattern is a technology setting consisting of integration and accumulation period after a strong upward trend.

This pattern usually comes from nine main stages.

Preliminary supply (PSY), purchase climax (BC), automatic reaction (AR), secondary test (ST), spring, test, last support point (LPS)

As of February 26, Bitcoin entered the “test” stage of the Wyckoff pattern as of February 26, according to the independent market analyst Superbro.

At this stage, BITCOIN aims to resume the lowest level of the spring phase of about $ 85,950, and confirm the optimistic continuous continuation for the new last support point (LPS) near $ 96,780.

The Wyckoff Reacumulation framework expects a new up trend cycle to start when Bitcoin enters the final stage of SOS (SIGNS of Strength). You must successfully re -exam your pattern peaks near $ 106,700, including a decisive breakout of $ 100,000 or higher.

In August 2024, the price was booming at $ 74,000 (LPS) at $ 53,400 (spring support) due to similar patterns.

Interestingly, the analyst Vijay Boyapati recalled the same period as Bitcoin was integrated within the $ 50,000-70,000 price for eight months in 2024, and rose only in November when Donald Trump won the US presidential election. .

He predicted that Bitcoin would go through another long -term integration before the decisive rise.

relevant: M2 currency supply can cause ‘parabola’ bitcoin rally -analysts

Is Bitcoin already coming out?

The Bitcoin Weekly Chart shows more prices in the next few weeks.

In particular, the previous modification at the top of the local BTC led the price to the 50 -week index movement (50 weeks EMA; Red Wave). In the current scenario, the EMA is about $ 76,390, down 15% from the current price level.

Interestingly, the $ 76,390 is consistent with the many years of ascending trend lines that have been preventing BTC’s attempts since November 2022. Neutral reading, on the other hand, shows more space for the 52.65 relative strength index (RSI). main.

The decisive decision under the joining of this support can accelerate the following falls, that is, about $ 57,690 and $ 48,170. The latter matches 200 weeks EMA.

relevant: Bitcoin can head to ETF EXODUS: Hayes from $ 70K ‘GOBLIN TOWN’.

Meanwhile, you can open a way to move to $ 100,000 in match with the Wyckoff LPS goal at a rebound between $ 85,000 to $ 90,000 in Bitcoin’s temporary support zone, or at a strong supporting point near $ 76,390.

This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.