BTC Blow Off Top?
Looking at history and the old ATH we saw a similar structure forming for the Bitcoin price. A big consolidation range at the 30k area forming demand before marking up and forming a classic Wyckoff Distribution back down to that same area. Things are looking pretty similar now where we had the same consolidation at 40k forming a big demand area for Bitcoin. Looks like we might have had the buying climax for Bitcoin and are moving to stage two of the Wyckoff Distribution which is the upthrust. Now there is ofc no guarantee in any of this but I thought it would be nice to share to keep in mind.
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