Over the past few months, I’ve been closely studying Bitcoin’s macro structure from June 2022 to June 2025, and I believe we’re witnessing a textbook example of Wyckoff theory unfolding in real time — not just once, but in multiple phases.
🔍 Phase 1: Classic Wyckoff Accumulation (June 2022 – Oct 2023)
Starting June 2022, BTC began forming a major bottoming structure.
By November 2022, price made a lower low — but RSI (14) was making higher lows, a clear sign of bullish divergence.
From there until October 2023, BTC moved sideways in a Wyckoff accumulation range.
This was Phase A–E in classic Wyckoff terms:
Selling Climax (SC)
Secondary Test (ST)
Spring (false breakdown)
Last Point of Support (LPS)
Sign of Strength (SOS)
🚀 Phase 2: Markup with Re-Accumulations at Each Leg
After the October 2023 breakout, BTC has followed a highly structured rally with multiple consolidation phases and healthy corrections:
✅ Breakout 1:
From ~$31K to $48K → +53% move
Followed by a ~20% pullback to ~$38K
➜ This formed a re-accumulation phase, consolidating above prior resistance
✅ Breakout 2:
From $38K to $73K → +50% move
Then a deeper ~31% correction to ~$50K
✅ Breakout 3:
From $50K to $109K → +48% move
Current pullback to ~$74K → ~31% retracement
Now trading near ATH region again
🧠 Key Observation
In this cycle, we’re seeing not only one accumulation at the bottom, but also clear Wyckoff Re-Accumulation zones forming after each breakout, especially after Breakouts 1 and 3.
This suggests institutional accumulation continues during the trend, supporting the idea that:
Pullbacks are for re-loading, not distribution
Trend strength remains intact as long as prior re-accumulation lows hold
🧭 What This Means for the Current Cycle
If this structure continues, BTC may be preparing for another markup leg above $110K
Historical fractals from past bull markets (e.g., 2020–2021) show similar behavior
RSI structure and market rhythm continue to favor trend continuation, not exhaustion
📌 Conclusion
We are likely in the mid-to-late phase of a well-structured bull market, supported by:
Wyckoff Accumulation at the bottom
Re-Accumulations after each breakout
Healthy 20–31% pullbacks
RSI confirming internal strength
🔔 Next levels to watch:
Support: $74K, $88K
Resistance: $111K–$115K
Breakout target (if pattern continues): $145K–$175K zone
📢 Let me know what you think!
Do you see similar Wyckoff structure?
Drop your thoughts or charts below 👇
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