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Spotting the Wyckoff Accumulation in Bitcoin - A Technical Breakdown from December 20th
Bitcoin traders are eyeing a classic Wyckoff accumulation pattern that's been shaping up. The setup suggests institutional players might be quietly building positions during this phase.
What makes this formation significant? The Wyckoff method, a time-tested framework, points to potential markup phases following these accumulation cycles. Early December 20th observation shows the telltale signs—declining volume, sideways price action, and repositioning before the next major move.
If you're tracking on-chain behavior and price structure, this pattern deserves your attention. Whether it confirms or breaks down, understanding these distribution and accumulation mechanics gives traders a clearer lens on market direction.