As of December 31, Bitcoin shows an interesting technical setup: an accumulation phase according to the Wyckoff model. This classic formation suggests a period of consolidation before a potential directional move. Traders are closely monitoring this dynamic, as Wyckoff accumulation has historically often preceded distribution or impulse phases. On the chart, we observe typical movements: support tests, timid rebounds, then gradual declines. This is the scenario to watch when Bitcoin is building its base at the end of the year. Important to keep in mind for the coming weeks.
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CryptoGoldmine
· 9h ago
From the growth curve of the computing power network, it is indeed a window of low absorption.
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ConsensusBot
· 9h ago
This wave of accumulation at the end of the year is indeed interesting; I'm just worried it might be a false alarm again.
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staking_gramps
· 9h ago
Wyckoff is back, is this really different this time?
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GhostInTheChain
· 9h ago
Wyckoff is back again, always talking about the accumulation phase. But what’s the result? Anyway, I just watch and don’t believe in these morphological patterns.
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LayoffMiner
· 9h ago
Ready to take off; it all depends on how the new year breaks the situation.
As of December 31, Bitcoin shows an interesting technical setup: an accumulation phase according to the Wyckoff model. This classic formation suggests a period of consolidation before a potential directional move. Traders are closely monitoring this dynamic, as Wyckoff accumulation has historically often preceded distribution or impulse phases. On the chart, we observe typical movements: support tests, timid rebounds, then gradual declines. This is the scenario to watch when Bitcoin is building its base at the end of the year. Important to keep in mind for the coming weeks.