比特币看涨信号
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Analyst: As the accumulation trend of BTC enters its final phase, Bitcoin is expected to rise to $120,000
As Bitcoin (BTC) trading prices approach the historical high of $108,786 set in early January this year, several indicators suggest that the sustained bullish momentum may soon push the leading cryptocurrency to new highs.
Cryptocurrency analyst Ted Pillows emphasized in a recent article on the X platform that BTC has entered the final stage of the Wyckoff accumulation pattern. Pillows believes that sustained consolidation above $100,000 is a "good sign" for Bitcoin.
He also noted that Tether recently issued an additional $2 billion in USDT, which means new liquidity may soon enter the digital asset market, potentially driving Bitcoin's next price rally above $120,000.
The Wyckoff accumulation pattern is a technical analysis model that shows large investors accumulating assets (in this case, BTC) at lower prices before a major upward trend. This pattern typically manifests as consolidation, false breakouts, and a final breakout signaling the start of a bull market.
Cryptocurrency analyst Jelle expressed a similar viewpoint to Pillows. In another article on X, Jelle shared the following BTC monthly chart, suggesting that once it breaks the current historical high, this leading cryptocurrency will enter a price discovery phase.
If BTC breaks the key resistance level, it could also benefit from a series of short liquidations. For example, experienced analyst Ali Martinez believes that $105,000 is a key price point, and breaking this level could trigger up to $23.65 million in short liquidations.
Cryptocurrency analyst Titan pointed out that Bitcoin's current Fair Value Gap (FVG) is between $98,000 and $102,000. Despite the generally bearish market yesterday, #BTC has still strongly held its daily FVG, and as long as this area of support remains effective, the market structure remains bullish.
Meanwhile, Bitcoin is receiving strong inflows from institutional investors. According to SoSoValue data, BTC spot ETFs attracted $2.97 billion in April, a significant increase from the $768 million outflow in March.
Additionally, on-chain data shows that an increasing number of investors are withdrawing BTC from exchanges, which may be because they expect BTC to rise significantly in the coming months.
#比特币价格预测 #威科夫累积形态 #比特币看涨信号
As Bitcoin (BTC) trading prices approach the historical high of $108,786 set in early January this year, several indicators suggest that the sustained bullish momentum may soon push the leading cryptocurrency to new highs.
Cryptocurrency analyst Ted Pillows emphasized in a recent article on the X platform that BTC has entered the final stage of the Wyckoff accumulation pattern. Pillows believes that sustained consolidation above $100,000 is a "good sign" for Bitcoin.
He also noted that Tether recently issued an additional $2 billion in USDT, which means new liquidity may soon enter the digital asset market, potentially driving Bitcoin's next price rally above $120,000.
The Wyckoff accumulation pattern is a technical analysis model that shows large investors accumulating assets (in this case, BTC) at lower prices before a major upward trend. This pattern typically manifests as consolidation, false breakouts, and a final breakout signaling the start of a bull market.
Cryptocurrency analyst Jelle expressed a similar viewpoint to Pillows. In another article on X, Jelle shared the following BTC monthly chart, suggesting that once it breaks the current historical high, this leading cryptocurrency will enter a price discovery phase.
If BTC breaks the key resistance level, it could also benefit from a series of short liquidations. For example, experienced analyst Ali Martinez believes that $105,000 is a key price point, and breaking this level could trigger up to $23.65 million in short liquidations.
Cryptocurrency analyst Titan pointed out that Bitcoin's current Fair Value Gap (FVG) is between $98,000 and $102,000. Despite the generally bearish market yesterday, #BTC has still strongly held its daily FVG, and as long as this area of support remains effective, the market structure remains bullish.
Meanwhile, Bitcoin is receiving strong inflows from institutional investors. According to SoSoValue data, BTC spot ETFs attracted $2.97 billion in April, a significant increase from the $768 million outflow in March.
Additionally, on-chain data shows that an increasing number of investors are withdrawing BTC from exchanges, which may be because they expect BTC to rise significantly in the coming months.
#比特币价格预测 #威科夫累积形态 #比特币看涨信号
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