The Analyst Who Accurately Predicted the Last Rise Has Announced His New Forecast for Bitcoin Prices in the Coming Days!!
Joao Wedson, the founder of the analysis company Alphractal, made statements evaluating Bitcoin's recent price movements. Wedson pointed out that Bitcoin has risen by exactly 10 thousand dollars following the re-accumulation and distribution charts he shared 10 days ago. BTC is currently trading around the 109,000 dollar level.
Wedson said, "I indicated the bottom level just below 99 thousand dollars based on the Realize Price test for Short-Term Holders."
Wedson, stating that their short-term target is the 113,000 dollar region, suggested that there is a high liquidity density at this level and a potential bull trap could be established. However, warning investors, he claimed that it is not a suitable time to enter new long positions: "The opportunity has passed. It is now time for risk management or to catch strong rebounds in some altcoins."
Describing June 22 as a "bear trap," Wedson expressed that he expects a bull trap followed by a new bear trap in the upcoming period. He predicted that after these fluctuations, there could be one last upward movement until the beginning of September, after which a prolonged horizontal market period might emerge.