Bitcoin Poised For $120,000 Rally As Wyckoff Accumulation Hits Final Phase, Analyst Says

Quick Summary:

As Bitcoin (BTC) trades within striking distance of its all-time high (ATH) of $108,786, recorded earlier this year in January, several indicators suggest that sustained bullish momentum could soon push the top cryptocurrency to new highs.

Additionally, on-chain data shows that more investors are withdrawing BTC from exchanges, likely in anticipation of a major rally in the months ahead.

It typically unfolds in phases marked by price consolidation, false breakdowns, and a breakout signaling the start of a bullish trend.

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Article Details

Author / Journalist: Ash Tiwari

Category: Crypto

Markets: Hungary

Topics: Cryptocurrency Wyckoff Accumulation Bitcoin Bitcoin ETF Bitcoin fair value gap Btc Crypto Technical Analysis On-chain analysis Bitcoin News Digital currency BTCUSDT

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-17 @ 05:30:14 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 422 words

Reading Time: 3 minutes read

Sentences: 53 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 28758707

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About Bitcoinist

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Official Website: bitcoinist.com

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News Last Updated: 8 hours ago

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