Bitcoin’s recent price drop hasn’t shaken bullish sentiment, as analysts eye a potential Wyckoff reaccumulation phase that could propel BTC past $100,000.
After reaching an all-time high of around $109,300, Bitcoin has seen a 21.4% decline, with prices testing the $85,950 support level. However, market analysts suggest this is part of a broader Wyckoff reaccumulation pattern, indicating a bullish continuation.
If Bitcoin successfully holds its support and enters the “Sign of Strength” (SOS) phase, a breakout above $100,000 could be on the horizon. A similar pattern in August 2024 led to a 40% rally from $53,400 to $74,000.
Historical trends also support a prolonged consolidation phase before another major rally. Analyst Vijay Boyapati points to Bitcoin’s past behavior in the $50,000–$70,000 range ahead of its November breakout in 2024, following Donald Trump’s U.S. election victory.
Despite short-term downside risks, including potential corrections toward $76,390 or even lower Fib levels at $57,690 and $48,170, Bitcoin’s long-term outlook remains bullish. If BTC holds above key support levels, a move toward the Wyckoff Last Point of Support (LPS) target near $96,780 and beyond is possible.
With institutional interest and macroeconomic factors at play, Bitcoin’s next major move could see it testing—and potentially surpassing—the $100,000 mark in 2025.
submitted by /u/Actual_Ad_5440 to r/Crypto_donut
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