Crypto: Bitcoin Price Due Sub-$80k Bottom This Week, Hints New Wyckoff...

Bitcoin price analysis said that the Wyckoff "spring" event was due before the end of the month, with sub-$80,000 levels on the radar.

Bitcoin (BTC) saw modest volatility around Tuesday’s Wall Street open as BTC price analysis saw a market bottom by the end of the month.

Bitcoin should be safe from new local lows for the current US session, but the week is still tipped to be volatile.

Analysis says BTC price action is in a “period of anticipation.”

A market take using the Wyckoff method calls for a sub-$80,000 swing low on Bitcoin before February.

Data from TradingView showed a trip to $88,315 for BTC/USD before it retraced the move to head lower.

Still rangebound, Bitcoin offered little inspiration to market participants.

Keith Alan, cofounder of trading resource Material Indicators, offered some hope in the form of a buy signal from one of the latter’s proprietary trading tools.

“A new Trend Precognition signal on the $BTC Daily chart does not necessarily mean Bitcoin will test resistance today,” he wrote in an X post on the topic.

Alan referred to Monday’s brief dip below $87,000 and said that the current daily candle now needed to close above the 2026 open level near $87,500.

Source: CoinTelegraph