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Bitcoin Poised For $120,000 Rally As Wyckoff Accumulation Hits Final Phase, Analyst Says

Ash Tiwari
by Ash Tiwari
1 month ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

As Bitcoin (BTC) trades within striking distance of its all-time high (ATH) of $108,786, recorded earlier this year in January, several indicators suggest that sustained bullish momentum could soon push the top cryptocurrency to new highs.

Bitcoin Enters Final Phase Of Wyckoff Accumulation

In a recent post on X, crypto analyst Ted Pillows highlighted that BTC has entered the final phase of the Wyckoff Accumulation pattern. According to Pillows, Bitcoin’s ongoing consolidation just above $100,000 is a “good sign.”

Related Reading: 100,000 Bitcoin Pulled From Exchanges In 3 Weeks – Analyst Highlights Strong Accumulation Trend

Pillows also pointed out that Tether recently minted an additional $2 billion in USDT, suggesting fresh liquidity may soon enter the digital assets market and boost its total market cap. He predicted that Bitcoin’s next leg up could propel the cryptocurrency past $120,000.

ted
Source: Ted on X

For the uninitiated, the Wyckoff Accumulation pattern is a technical analysis model that represents a period when large investors accumulate assets – in this case, BTC – at lower prices before a major uptrend. It typically unfolds in phases marked by price consolidation, false breakdowns, and a breakout signaling the start of a bullish trend.

Fellow crypto analyst Jelle echoed Pillows’ sentiments. In a separate post on X, Jelle shared the following monthly BTC chart, suggesting that the leading cryptocurrency is poised to enter price discovery once it breaks past its current ATH.

jelle
Source: Jelle on X

BTC could also benefit from a cascade of short liquidations if it clears critical resistance levels. For instance, seasoned analyst Ali Martinez identified $105,000 as a pivotal price point – surpassing it could trigger short liquidations amounting to $23.65 million.

Meanwhile, crypto analyst Titan of Crypto drew attention to Bitcoin’s Fair Value Gap (FVG) between $98,000 and $102,000. Commenting on BTC’s recent price stability, Titan said:

Yesterday, many were already calling for much lower price. Yet again, #BTC held strong with great reaction from the daily Fair Value Gap. As long as that zone holds, the setup remains bullish.

titan
Source: Titan of Crypto on X

BTC Spot ETF Inflows Continue To Rise

Bitcoin is also seeing strong capital inflows from institutional investors. According to data from SoSoValue, BTC spot exchange-traded funds (ETFs) attracted $2.97 billion in April 2025 – up significantly from the $767 million in outflows recorded in March.

Related Reading: Bitcoin ETF: Abu Dhabi Sovereign Wealth Fund Discloses $437 Million BlackRock Holdings

Last year in November, BlackRock’s IBIT BTC ETF reached a major milestone as it surpassed the firm’s gold fund in net assets. For comparison, BTC’s current market cap hovers slightly above $2 trillion, compared to gold’s $21 trillion.

Additionally, on-chain data shows that more investors are withdrawing BTC from exchanges, likely in anticipation of a major rally in the months ahead. At press time, BTC trades at $103,896, up 1.7% in the last 24 hours.

bitcoin
BTC trades at $103,896 on the daily chart | Source: BTCUSDT on TradingView.com
Featured Image from Unsplash.com, charts from X and TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Ash Tiwari

Ash Tiwari

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Ash is a seasoned freelance editor and writer with extensive experience in the blockchain and cryptocurrency industry. Over the course of his career, he has contributed to major publications, playing a key role in shaping informative, timely content related to decentralized finance (DeFi), cryptocurrency trends, and blockchain innovation. His ability to break down complex topics has allowed both seasoned professionals and newcomers to the industry to benefit from his work. Beyond these specific roles, Ash's writing expertise spans a wide array of content, including news updates, long-form analysis, and thought leadership pieces. He has helped multiple platforms maintain high editorial standards, ensuring that articles not only inform but also engage readers through clarity and in-depth research. His work reflects a deep understanding of the rapidly evolving blockchain ecosystem, making him a valuable contributor in a field where staying current is essential. In addition to his writing work, Ash has developed a strong skill set in managing content teams. He has led diverse groups of writers and researchers, overseeing the editorial process from topic selection, approval, editing, to final publication. His leadership ensured that content production was timely, accurate, and aligned with the strategic goals of the platforms he worked with. This has not only strengthened his expertise in content strategy but also honed his project management and team coordination skills. Ash's ability to combine technical expertise with editorial oversight is further bolstered by his knowledge of blockchain analysis tools such as Etherscan, Dune Analytics, and Santiment. These tools have provided him with the data necessary to create well-researched, insightful articles that offer deeper market perspectives. Whether it’s tracking the movement of digital assets or analyzing blockchain transactions, his analytical approach adds value to the content he produces, ensuring readers receive accurate and actionable information. In the realm of content creation, Ash is not limited to just cryptocurrency markets. He has demonstrated versatility in covering other emerging technologies, market trends, and digital transformation across various industries. His in-depth research, coupled with a sharp editorial eye, has made him a sought-after professional in the freelance writing community. From developing editorial calendars to managing content delivery schedules, he has honed a meticulous approach to project management that ensures timely, high-quality work delivery. Throughout his freelance career, Ash has consistently focused on improving audience engagement through well-researched, insightful, and relevant content. His ability to adapt to the evolving needs of clients, whether it's enhancing the visibility of digital platforms or producing thought-provoking pieces for a wide range of audiences, sets him apart as a dynamic force in the field of digital content creation. His contributions have helped to shape a well-rounded portfolio that showcases his versatility, technical expertise, and dedication to elevating the standards of journalism in blockchain and related sectors.

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