• Analyst Moustache tweeted that BTC was retracing in preparation for a spike.
• BTC reached the maximum price of $28,227 on the third day of the week.
• Bitcoin’s new uptrend gradient is higher than its previous one. BTC could reach $31.5 shortly.

Trader and analyst Moustache tweeted that BTC has been retracing in a Wyckoff pattern and was gearing for a spike since it bottomed in 2022. Moustache stated that it will be a “choppy Price Analysis” until it shoots towards $40,000 and leaves the masses in disbelief. To further supplement his prediction, he attached his previous forecast and showed how BTC fell in line with his prediction.

By applying the principles of the Wyckoff pattern, the analyst stated that the stock market was at the stage of Mark-up/Profit Release. As such, it was due for a spike that could make BTC reach $40,000.

Considering the weekly price ac…

The post Bitcoin Lingers at Critical Point on the Wyckoff Pattern, Will it Hit $40K? appeared first on Coin Edition.

• Analyst Moustache tweeted that BTC was retracing in preparation for a spike.
• BTC reached the maximum price of $28,227 on the third day of the week.
• Bitcoin’s new uptrend gradient is higher than its previous one. BTC could reach $31.5 shortly.

Trader and analyst Moustache tweeted that BTC has been retracing in a Wyckoff pattern and was gearing for a spike since it bottomed in 2022. Moustache stated that it will be a “choppy Price Analysis” until it shoots towards $40,000 and leaves the masses in disbelief. To further supplement his prediction, he attached his previous forecast and showed how BTC fell in line with his prediction.

By applying the principles of the Wyckoff pattern, the analyst stated that the stock market was at the stage of Mark-up/Profit Release. As such, it was due for a spike that could make BTC reach $40,000.

Considering the weekly price ac…

The post Bitcoin Lingers at Critical Point on the Wyckoff Pattern, Will it Hit $40K? appeared first on Coin Edition.