Published: 24 Jul 2021 › Updated: 24 Jul 2021
Bitcoin Distribution Schematic in Progress
It seems like Bitcoin price is undergoing a distribution schematic (for those who follow Wyckoff's method) around 33.8k at the moment. If this is true, we should expect a big drop, specially taking into account how long a cause has been built during this process.
The most logical levels to drop to should be between 32.6k and 32.9k, from which we should expect a bullish continuation.
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