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The Wyckoff Method: How a 90-Year-Old Theory Predicted Bitcoin's Recent Price Surge

June 21 (Cointime) - Bitcoin's price has suddenly surged due to positive news, including BlackRock's filing for a Bitcoin ETF and the launch of EDX, a new non-custodial crypto exchange backed by major financial institutions.

This bullish price action is not a coincidence and was predicted by the Wyckoff Method, a 90-year-old technical analysis theory that believes retail investors should act as if the market is controlled by the "Composite Man," or large actors who accumulate assets at low prices before marking up the price.

The sudden uptick in price action is suspiciously close to recent moves made by BlackRock, Charles Schwab, Citadel Securities, Fidelity Digital Assets, and Sequoia Capital, leading some to speculate that these institutions could be acting as the "Composite Man."

Bitcoin Bitcoin $98,516.30
-0.69%
Bitcoin BlackRock
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