The Analyst Who Accurately Predicted the Last Surge Has Revealed His New Forecast for Bitcoin Prices in the Coming Days!!
Joao Wedson, the founder of analysis company Alphractal, made statements evaluating the recent price movements of Bitcoin. Wedson noted that Bitcoin has risen exactly 10 thousand dollars following the redistribution and accumulation charts he shared 10 days ago. BTC is currently trading around the 109,000 dollar level.
Wedson stated, "I mentioned the bottom level just below 99 thousand dollars depending on the Realize Price test for short-term holders."
Wedson, who indicated that his short-term target is the 113,000 dollar region, suggested that there is a high liquidity density at this level and a possible bull trap could be set. However, warning investors, he claimed that now is not a suitable time to enter new long positions: "The opportunity has passed. It is now time for risk management or to catch strong rebounds in some altcoins."
Describing June 22 as a "bear trap," Wedson expressed that he expects a bull trap followed by a new bear trap in the upcoming period. He predicted that after these fluctuations, there could be a final surge until the beginning of September, after which a prolonged sideways market period might follow.