A recent upswing in the price of Bitcoin (BTC) following a nail-biting price crash below $30,000 this Tuesday has activated a classic financial model's bullish outlook on the cryptocurrency.Titled Wyckoff Method, created by Richard D. Wyckoff in 1888, the model attempts at navigating financial market trends based on the relationship between assets' supply and demand. The method … [Read more...] about Bitcoin bounce from $28.8K activates century-old financial model’s bullish thesis
centuryold
Bitcoin drops below $36K as century-old financial model predicts big BTC crash
Overconfident Bitcoin (BTC) bulls would need to battle more than just Elon Musk as a price prediction model — created by technical analyst pioneer Richard Wyckoff more than 100 years ago — also goes against their wild upside predictions.Dubbed as Wyckoff Method, the model involves a five-phase approach to determine price trends that majorly involve investors' psychological … [Read more...] about Bitcoin drops below $36K as century-old financial model predicts big BTC crash