Bitcoin targets $36K key Wyckoff level, with altcoins set to ‘grind up heavier’

Bitcoin targets $36K key Wyckoff level, with altcoins set to ‘grind up heavier’

Conditions are conspiring to deliver fresh strength across altcoins, which suffered unduly as Bitcoin briefly hit levels below $30,000, a trader predicts. Bitcoin (BTC) headed toward a key Wyckoff level on Tuesday as BTC price action got traders excited about an altcoin surge.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWyckoff in focus below $36,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading up 4.6% versus the previous day’s lows on Tuesday.After seeing tests of $33,000 support, bulls won out overnight, sending Bitcoin higher. Now, a key area....


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Bitcoin Eyes $36K As Wyckoff Level As Altcoins Prepare To Surge

A trader forecasts that conditions are converging to a new Wyckoff level, bringing new strength among altcoins, which suffered disproportionately as Bitcoin momentarily fell below $30,000. Wyckoff Level Is Critical For Bulls On July 6, Bitcoin (BTC) was heading towards a critical Wyckoff level, as BTC price movement piqued traders’ interest in an altcoin rally. […]

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WATCH: Bitcoin, Wyckoff Theory, And The Composite Man | BTCUSD September 8, 2022

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The Puell Multiple — and Bitcoin price — can still dip further before a rebound takes hold, cautions analyst Rekt Capital. Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond $37,000 resistance ended in rejection.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWyckoff stresses $32,300 supportData from Cointelegraph Markets Pro and TradingView showed a day of reversal for BTC/USD on Wednesday, the pair down 4.5% hitting $34,500.After accelerating upwards the day before, Bitcoin ran out of steam at $36,630 to begin a retracement which erased....