💰 WYCKOFF ON BITCOIN CHART?
The current Bitcoin chart fits perfectly with the Wyckoff distribution pattern.
Comparing the chart and the pattern on the screenshot, all the keys and phases are crystal clear.
According to this pattern, we should revisit the 90,000 $ - 93,000 $ area before moving up towards the $120,000 target.
From there, 120,000 $ should act as a strong resistance that will take time to break through.
It is more likely that this level marks the beginning of a significant downward correction.