🚨 Could Bitcoin drop to $73K by April? Wyckoff Theory explains! 🚨
Bitcoin went through an absurd high in November, which set off alarm bells for me. I thought about selling at the end of the month, but I didn't and I regret it. Now, analyzing the market with the Wyckoff Theory, I see strong indications that we could drop to $73K in the next two months.
🔍 Why this projection?
Distribution Phase (Dec-Jan): BTC tried to break $109K in January, failed and started to fall.
Similar pattern to 2021: In 2021, BTC fell from $60K to $30K in just 2 months. If we follow a similar movement, we could see $73K by April.
Natural market correction: After a strong rise like the one in November, BTC historically goes through sharp drops.
2/3 of ATH: Considering the top at $109K, the drop to $73K represents a common retracement pattern after distributions.
⚠️ Factors that could accelerate this drop:
1️⃣ False breakout of the top at $109K → Sign of weakness in the market.
2️⃣ History of rapid drops after excessive rallies.
3️⃣ Panic in the market if we lose the $90K region.
The market follows the same patterns as in the past. Are we entering a major correction? Comment below! ⬇️📉
Bitcoin went through an absurd high in November, which set off alarm bells for me. I thought about selling at the end of the month, but I didn't and I regret it. Now, analyzing the market with the Wyckoff Theory, I see strong indications that we could drop to $73K in the next two months.
🔍 Why this projection?
Distribution Phase (Dec-Jan): BTC tried to break $109K in January, failed and started to fall.
Similar pattern to 2021: In 2021, BTC fell from $60K to $30K in just 2 months. If we follow a similar movement, we could see $73K by April.
Natural market correction: After a strong rise like the one in November, BTC historically goes through sharp drops.
2/3 of ATH: Considering the top at $109K, the drop to $73K represents a common retracement pattern after distributions.
⚠️ Factors that could accelerate this drop:
1️⃣ False breakout of the top at $109K → Sign of weakness in the market.
2️⃣ History of rapid drops after excessive rallies.
3️⃣ Panic in the market if we lose the $90K region.
The market follows the same patterns as in the past. Are we entering a major correction? Comment below! ⬇️📉