BEARISH 📉 : Analyst warns $60k bounce traps buyers, wait $48k–$59k DCA
Analyst maps a lower BTC setup. The real accumulation sits below $60k.
Bitcoin slid over the weekend, putting $60k back in focus per NewsBTC. Trader Merlijn sees a 2022-style Wyckoff path before true entries on X.
He mirrors 2026 to 2022. He tracks a Wyckoff accumulation. He warns the bounce is a trap per NewsBTC. He says the spring is ahead on X.
$60k may mislead as support. It sits near the 200-week MA per Bitcoinist. He adds that patience is needed. The bottom may not be in yet per NewsBTC.
Key levels from his plan:
- Spring target at $50,000 source
- Bounce zone at $65k–$70k source
- DCA zone $48k–$59k source
- Watch the $60k area near the 200-week MA source
Chart: Merlijn The Trader on X
Headline: Analyst maps BTC spring to $50k, sets DCA zone at $48k–$59k