Bitcoin - Wyckoff Accumulation
Bitcoin is currently mimicking a Wyckoff Accumulation pattern on a 4h chart. Over the last year, a near perfect Wyckoff Distribution pattern was experienced on a 4h BTC chart as well. Usually these patterns are found on higher timeframe charts, but in extremely volatile markets they can appear on lower timeframes as well. It's possible that Bitcoin could experience another short-term pullback into 36k demand before breaking above 41k again. Expect some more sideways price action between 41k and 43k. Overall I'm very bullish as it would appear our institutional overlords are ramping up for another great rally campaign just in time for an unprecedented period of extreme inflation.
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