João Wedson projects a bullish cycle targeting $140K–$146K, suggesting altcoin strength will begin to rise as early as July.
Three bearish schematics indicate potential distribution with liquidity traps, marking high-risk phases and likely medium-term downward pressure.
Wyckoff theory remains central in decoding Bitcoin’s path, suggesting price action reflects structural phases over reactive market news.
Bitcoin’s price action may follow one of four medium-term scenarios, according to Wyckoff theory and current cycle analysis. These schematics outline both bullish and bearish possibilities depending on how the market unfolds.
Scenario One: Decay Cycle with Altcoin Surge
Crypto analyst João Wedson tweeted four potential price scenarios for Bitcoin. The first suggests Bitcoin continues the same pattern in its cycle based on a decay that comes prior to a peak.
https://twitter.com/joao_wedson/status/1936857032432173167
This cycle could push Bitcoin toward a target range between $140,000 and $146,000. According to Wedson, this structure also indicates a strengthening of altcoins beginning in July. The tweet outlines that this setup mirrors previous market cycles where altcoins gained traction just before Bitcoin’s final move higher.
The analysis implies that macroeconomic news may have limited influence on the overall cycle trajectory. If this schematic materializes, it would further confirm the endurance of Bitcoin’s natural market rhythms.
Bearish Schematics Suggest Distribution Phase
The remaining three scenarios, as presented by Wedson, point toward bearish distribution patterns. These structures suggest potential bull traps and price rejections at key resistance levels.
Each distribution schematic signals increased vulnerability in the medium term. A failure to break higher could result in liquidity-driven sell-offs. Traders may witness sudden spikes followed by sharp corrections, aligning with Wyckoff’s distribution principles.
All three scenarios represent an interruption of the expected cycle and increase the likelihood of Bitcoin entering a broader downtrend. The setups anticipate false breakouts designed to absorb liquidity before a downward move resumes.
Wyckoff Theory Shapes Market Expectations
These four possible outcomes align with Richard Wyckoff’s methodology, which analyzes market movements through phases of accumulation, markup, distribution, and markdown. Wedson’s interpretation adapts this to the current crypto environment.
While only the first schematic offers a bullish outlook, all remain rooted in technical structure rather than speculation. Wyckoff theory continues to serve as a framework for understanding Bitcoin’s medium-term direction, independent of short-term narratives or external catalysts.
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