Bitcoin Bullish Accumulation Coming To An End Should Witness A Price Rally In Coming Weeks

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It’s a new month already and it’s being said that a major shift coming to the king crypto bitcoin, speaking about the schematic bitcoin accumulation which the crypto analyst says that it’s an indication of a bullish movement which is gearing for a rise in market price of the king crypto bitcoin. In Pizzion’s analysis which he’s says that the next major piece of the puzzle as we head into phase [E]. I want to get just another one or two weeks of confirmation on the chart and potentially we can put it to bed and say the accumulation has occured for Wyckoff, especially if we get over the 50% level which is around $42,000.

Do I think we’re going to get there tomorrow? No. Let’s hold our horses. We still need to test the low to mid-$30,000 as well. So it’s coming to an end. It’s not there yet.
He’s projection for bitcoin this month is that the king crypto will see past trading $30k and establish a resistance between $32k and $34k. He complimented the previous month by saying that March has been a phenomenal month, pushing down, putting a higher swing bottom and breaking out to the upside, which is why I think April may be the month that we come up to test the $30,000 and the low $30,000 area, so about $32,000, which is previous lows and support of January 2022… That is going to be a key area.

Then we have the midway point between the high and the zero point, so $69,000 is the top, all the way down to zero. Halfway is $34,500. So there’s a lot of resistance on the way up to that $40,000 level.

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