×
BeInCrypto Premium - Register for FREE now.
Bitcoin Approaches Crucial Point in Wyckoff Distribution
Article conforms to Standard
- The Bitcoin price is trading in a range between $10,050 and $8,500.
- The price broke out from a descending resistance line on June 22.
- There is significant resistance at $10,300, strengthened by a long-term descending resistance line.
Since April 30, the Bitcoin price has been trading in a range between $10,050 and $8,500. The price movement inside this area is akin to the distribution phase of a Wyckoff distribution, meaning a breakdown from the range would be expected. Well-known cryptocurrency trader @ColdBloodShill stated that Bitcoin is probably trading inside a Wyckoff distribution, but noted that distribution
Want to know more?
Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans!