- Bitcoin now follows Wyckoff Accumulation and holds near $106.4K which may lead to a markup by June 7.
- The model shows a breakout could come soon with resistance seen near $124K and support at $100K.
- A golden cross formed earlier may support bullish price action as buyers defend the $106.4K level.
Bitcoin is consolidating around the $106,400 mark, aligning with the Wyckoff Accumulation phase observed between March and early June 2025. The current chart signals a potential markup phase by June 7 if the price maintains this level. A breakout may drive BTC toward the $124,955 to $130,000 range.
According to data published on June 4, the price structure closely follows the Wyckoff Schematic #1 pattern. The key levels now include an automatic reaction at $106,400, a previous low near $52,600, and a marked support zone at $80,000. A recent golden cross also supports the bullish narrative.
The core question remains: Will Bitcoin complete the Wyckoff pattern with a full breakout, or stall at resistance?
Key Events Support Pattern Completion
The chart outlines multiple events that align with the Wyckoff model, including a significant low on April 6. The schematic segments the pattern into five phases, with the current position estimated to be in Phase D—typically preceding a markup. The automatic reaction (AR) confirms structural progression within the accumulation process.
A golden cross appeared before the markup projection, where the short-term moving average crossed above the long-term one. Historically, this has often coincided with longer-term rallies in BTC. The trendline also remains upward, with short consolidations serving as pauses rather than reversals.
The reaction zone between $105,024 and $106,863 now acts as a decision point. A move beyond this band could trigger the markup stage, lifting the price into higher resistance lines noted around $124,955 and $130,000.
Supply and Demand Zones Define Next Moves
The accumulation schematic reveals clear supply and demand boundaries. A sustained hold above $106,400 confirms bullish positioning and signals potential entry into Phase E of the Wyckoff cycle. This phase traditionally concludes with a sharp rally as supply diminishes.
Support zones below $100,000 include a key level at $98,684 and broader support around $80,000. Price dipped into these levels during previous selling climaxes and secondary tests, forming the spring region. Those tests fulfilled the requirements for Wyckoff’s Phase C.
If price rejects at $106,400, it may revisit support between $100,000 and $98,000. The golden cross, however, reduces probability for strong declines in the near term. The current setup aligns tightly with prior Wyckoff-driven market expansions.
Markup Zone Eyes Mid-June Breakout
Projections from the schematic estimate a major breakout near or after June 7. That date corresponds with entry into Phase E—the final stage of the Wyckoff pattern. During this phase, a sustained markup typically carries the price through resistance zones.
Forecasts suggest a target range between $124,955 and $130,000 if momentum holds beyond $106,400. Previous resistance around $111,885 remains another level to watch for validation before a full breakout. Price action beyond that could solidify the breakout and confirm Wyckoff phase completion.
