Next Bitcoin Maps: Rally or Reversal – Here are 4 possible results star-news.press/wp

• WyckFF pattern predicts four possible Bitcoin movements: one bullish path and three identity tracks.
• The morale of the market tilted towards the upper side, where the sale pressure decreased significantly.

Bitcoin (BTC), after creating a dominance over the $ 100,000 sign, was circulated shortly below since May 8. However, he regained this level again.

The analysis indicates that the original continues to follow a two -way path, with both the possible fall and gathering despite the price recovery.

A technician style known as the Wyckoff model has been used to analyze potential Bitcoin movement, revealing four possible results.

Only one bullish path – the Tallinn gather to follow up?

The first case is the upscale scenario – as is the only bullish – the “delay cycle” and “Altcoin Rally” opportunity.

At this stage, Bitcoin will enter the accumulation and redistribution stage, and mainly unifying the scope of support and resistance.

Source: TradingView

During this period, Bitcoin is usually bought in large quantities at favorable prices, providing momentum in a march that can reach between $ 140,000 and $ 146,000 in October.

This Bitcoin’s unification phase is likely to lead to the Altcoin season, where many of these assets are heading up, and may start in July.

Three declining results can be bitcoin

The analysis also determines three bitcoin tendencies, each with similar properties.

In these stages, investors or traders will face great pressure, as price movement will primarily target liquidity areas.

Source: TradingView

The first scenario is involved in similarities with the upcoming issue, which involves similar unification. However, instead of separation above the resistance level, Bitcoin will collapse below, penetrating the support range support.

The scenario involves other landing to trade in the level of resistance only once.

Source: TradingView

In one of these scenarios, the original interacts with the resistance above and then moves sideways in a narrow range before the collapse at the end.

In the final case, Bitcoin maintains a declining position and tests a sharp decrease, with minimal monotheism along the way.

analyst Gao Wesonon You note that one scenario is very important in determining the neutrality of Bitcoin.

“The most interesting in the four scenarios are the first: if they are confirmed, this enhances that BTC continues to follow its natural sessions, regardless of market novels.”

Investors accumulate despite uncertainty

Ambrypto examination of additional market indicators to assess the potential direction of Bitcoin.

In the wake of the recent low prices, investors began to accumulate BTC in large sizes. At the time of the press, the exchange of Netflow data, which tracks the external flows and flows on the central platforms, reflects the net purchase.

Source: Cryptoquant

At the time of writing this report, about 1400 BTC was purchased, at a value of approximately $ 141 million, and transferred to private portfolios.

This coincides with a significant decrease in bitcoin exchange reserves, indicating that the lowest BTC is available in exchanges.

Low drainage reserves may lead to width pressure, which may pay the original price in the long run.

Source: Cryptoquant

The bullish feelings began to think about the derivative market. Buyer/selling ratio on Coinglass He rose and at the time of the press sitting at 0.98.

The percentage of 1 indicates that the purchase volume exceeds the volume of sale in derivatives, which enhances the growing rise.