Bitcoin - The Current Wyckoff Cycle

٢ يناير ٢٠٢٢

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.