Bitcoin Bull Run ‘might Actually Be Over’ As Wyckoff Pattern Points...

The oft-cited Wyckoff pattern suggests that Bitcoin price could be headed toward $86,000 next, especially if BTC fails to hold $94,000, which is the average cost basis of six to 12-month Bitcoin holders.

Bitcoin’s drop below $100,000 comes as a Wyckoff Distribution pattern points to a potential decline toward $86,000.

Some analysts remain optimistic, arguing that the bull market will hold as long as the $94,000 support level remains intact.

Bitcoin (BTC) has just slipped under the key $100,000 support level, driven by hawkish Federal Reserve prospects and persistent whale selling.

Now, a classic technical breakdown setup is strengthening the case for prolonged selling in the Bitcoin market.

The schematic, highlighted by analyst @follis_ on X, shows Bitcoin’s recent structure tracking the classic five-phase Wyckoff Distribution, a pattern often seen near macro market tops, as shown below.

The alignment is strong enough that the Bitcoin bull market “might actually be over,” @follis_ said.

BTC’s surge above $122,000 marked the Buying Climax (BC), followed by an Automatic Reaction (AR) and Secondary Tests (ST) that failed to create higher highs.

The early-October push toward $126,200 resembled an Upthrust After Distribution (UTAD), a final bullish deviation that signals demand exhaustion.

From there, Bitcoin printed multiple Last Points of Supply (LPSY) and lost mid-range support near $110,000, confirming Phase D.

Source: CoinTelegraph