04-02-2020 01:01 via newsbtc.com

Rally Over? Latest Bitcoin Price Action Resembles Aggressive Distribution Model

Last night, following a bullish weekly close and an even more bullish monthly candle close just days prior, the recent rally in Bitcoin price may have finally topped out.
According to the Wyckoff method, the recent price action closely matches an aggressive redistribution model that suggests a severe mark down phase could follow.
Bitcoin Price Action Mimics Wyckoff Distribution Model
Bitcoin price has been in a slow and steady uptrend since mid-December 2019.The bullish price action is a result
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