In this Wyckoff study of Bitcoin, I show that BTC is in a precarious position with respect to the Re-accumulation phase of its cycle and could be facing a sharp drop into a "Spring" event before a rally gets underway. This is not mandatory for a recovery, as indicated by the dotted lines, but if it does occur could be in the order of 15% down on from the current price.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.