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Bitcoin (BTC) is showing signs of turbulence this week, with the possibility of dipping below $80,000, according to a new Wyckoff market analysis. BTC/USD briefly touched $88,315 before retracing, while analysts suggest a “spring” event could trigger a key long-term swing low. This prediction comes amid a quiet but cautious market, with Bitcoin currently rangebound and volatility expected in the coming days.
The cryptocurrency market has been relatively calm following recent volatility, with Bitcoin showing positive daily momentum of approximately $1,676 on Binance, reflecting a slight corrective move rather than strong bullish momentum. Analyst Keith Alan noted, “A wick below $87,000 is a sign of weakness, and an indication that a breakdown is likely coming,” highlighting potential short-term downside risk.
Macro factors are also playing a role, with the US Federal Reserve’s upcoming interest rate decision expected to influence market direction. Expectations for a rate cut remain below 3%, but the event adds to market anticipation.
Market commentator MartyParty highlighted that Bitcoin could experience a Wyckoff “spring” event, a critical swing low in technical analysis. He said, “This coincides with the Wyckoff Spring Event. Expect Volatility,” warning that BTC/USDT may fall below $80,000 before recovering.
CryptoQuant data suggests Bitcoin is in a “period of anticipation,” with no immediate breakout or distribution phase, signaling traders are waiting for the next decisive move.
With BTC hovering around $87,000, analysts advise monitoring daily closes above the 2026 open level near $87,500 to confirm stability. Market watchers are keeping an eye on the Federal Reserve announcement, which could trigger increased volatility and set the stage for the predicted Wyckoff swing low.
