Bitcoin is advancing through a textbook Wyckoff Re-Accumulation structure on the 4H chart. After the Spring and multiple LPS confirmations, price surged above the previous range high (~110k), entering a strong Sign of Strength (SOS) rally.
We now observe:
✅ Second 4H candle close above ATH (110,000)
✅ RSI: 70.9 → Strong bullish momentum
✅ Volume: Above MA during breakout, healthy but slightly declining
✅ Bollinger Bands: Price hugging upper BB (111,227)
✅ Structure forming a Backup (BU?) test near ATH
The current move targets a measured pennant breakout projection:
🎯 TP1: 115,224
🎯 TP2: 116,199
🎯 TP3: 117,449 – 118,237 (Fib extension confluence)
This aligns with Wyckoff Phase E and continuation of the markup cycle.
No short setups valid — trend remains firmly bullish. Pullbacks to 110k could offer high-conviction long entries as BU confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTA #BTCAnalysis #Reaccumulation #TradingView
We now observe:
✅ Second 4H candle close above ATH (110,000)
✅ RSI: 70.9 → Strong bullish momentum
✅ Volume: Above MA during breakout, healthy but slightly declining
✅ Bollinger Bands: Price hugging upper BB (111,227)
✅ Structure forming a Backup (BU?) test near ATH
The current move targets a measured pennant breakout projection:
🎯 TP1: 115,224
🎯 TP2: 116,199
🎯 TP3: 117,449 – 118,237 (Fib extension confluence)
This aligns with Wyckoff Phase E and continuation of the markup cycle.
No short setups valid — trend remains firmly bullish. Pullbacks to 110k could offer high-conviction long entries as BU confirmation.
#Bitcoin #BTCUSDT #Wyckoff #CryptoTA #BTCAnalysis #Reaccumulation #TradingView
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Protect your Bitcoin investment with our realtime alerts and fully automate your trading. No more sleepless nights, black swans, rug pulls, whale pump & dumps or getting sidelined.
Related publications
Disclaimer
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.