Bitcoin Price Analysis Signs of Divergence May Point to Potential Distribution Phase


After bouncing back and forth from $5100 to $6100, BTC-USD managed to squeeze out one more albeit short-lived all-time high. This article is going to present an update to the last discussion regarding the potential Wyckoff Distribution and provide a more contextualized, macro-view of the current bitcoin market. Before reading any further, I would like to emphasize the word potential within the context of this discussion because until the market actually reverses, this is nothing more than a p


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