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Bullish
🚨 Altcoin Momentum Detected — Breakout Imminent?
Recent price activity in the Bitcoin market suggests a deeper distribution phase with rising selling pressure.
Bitcoin price may fall in the next months. The Wyckoff Distribution model, which depicts how smart money sells assets at market tops, informed the analyst's findings.
Wedson said in the article that a 13-phase graphic is unfolding in real time, indicating that institutional investors (known as “smart money”) are exiting the market while casual traders stay optimistic.
First, the analyst broke separated the Preliminary Supply (PSY) phase, when institutional sales are modest, and the Buying Climax, where price peaks owing to exhausted demand. This phase is followed by an Automatic Reaction (AR), a sudden Bitcoin price decrease that defines the distribution range's bottom.
The fourth and fifth stages are Secondary Tests (ST), when price retests distribution range highs with reduced momentum and volume. while the pattern develops, the price moves sideways in Phase B, deceiving retail players while institutions secretly sell their coins.
In stages C and D, an evidence of Weakness (SOW)—often marked by a large volume breakdown—is the most definitive evidence of demand waning. A Last Point of Supply (LPSY), a feeble surge to the upward, usually favors shorts.
In stages C and D, a break of ICE causes a deeper fall, followed by a second LPSY trap to close the distribution.
Is the Altcoin Rally On?
Wedson said that market makers are switching to cryptocurrency. Altcoins are departing accumulation zones and preparing for structural markups, indicating rising market interest, according to the expert.
Bitcoin is in a weekly distribution phase, which may result in a negative short-term performance. By 2025, BTC will be fully rotated to altcoins and eventually fiat, according to Wedson.
#ProjectCrypto #MarketPullback #FOMCMeeting #ETHCorporateReserves #Altcoin $ETH $XRP $BNB
Recent price activity in the Bitcoin market suggests a deeper distribution phase with rising selling pressure.
Bitcoin price may fall in the next months. The Wyckoff Distribution model, which depicts how smart money sells assets at market tops, informed the analyst's findings.
Wedson said in the article that a 13-phase graphic is unfolding in real time, indicating that institutional investors (known as “smart money”) are exiting the market while casual traders stay optimistic.
First, the analyst broke separated the Preliminary Supply (PSY) phase, when institutional sales are modest, and the Buying Climax, where price peaks owing to exhausted demand. This phase is followed by an Automatic Reaction (AR), a sudden Bitcoin price decrease that defines the distribution range's bottom.
The fourth and fifth stages are Secondary Tests (ST), when price retests distribution range highs with reduced momentum and volume. while the pattern develops, the price moves sideways in Phase B, deceiving retail players while institutions secretly sell their coins.
In stages C and D, an evidence of Weakness (SOW)—often marked by a large volume breakdown—is the most definitive evidence of demand waning. A Last Point of Supply (LPSY), a feeble surge to the upward, usually favors shorts.
In stages C and D, a break of ICE causes a deeper fall, followed by a second LPSY trap to close the distribution.
Is the Altcoin Rally On?
Wedson said that market makers are switching to cryptocurrency. Altcoins are departing accumulation zones and preparing for structural markups, indicating rising market interest, according to the expert.
Bitcoin is in a weekly distribution phase, which may result in a negative short-term performance. By 2025, BTC will be fully rotated to altcoins and eventually fiat, according to Wedson.
#ProjectCrypto #MarketPullback #FOMCMeeting #ETHCorporateReserves #Altcoin $ETH $XRP $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
