The Analyst Who Correctly Predicted the Last Rise Has Announced His New Forecast for Bitcoin Price in the Coming Days!

The founder of the crypto analysis company Alphractal, Joao Wedson, made statements evaluating the recent price movements of Bitcoin. Wedson pointed out that Bitcoin has risen by exactly 10 thousand dollars following the redistribution and accumulation charts he shared 10 days ago. BTC is currently trading around the 109,000 dollar level.

Wedson said, "Short-term holders have indicated the low level just below 99 thousand dollars depending on the price test."

Wedson, stating that the short-term target is the $113,000 region, suggested that there is a high liquidity concentration at this level and a potential bull trap could be set. However, warning investors, he claimed that now is not an appropriate time to enter new long positions: "The opportunity has passed. It is now time for risk management or to catch strong rebounds in some altcoins."

Wedson, describing June 22 as a "bear trap," stated that he expects a bull trap followed by a new bear trap in the upcoming period. He predicted that after these fluctuations, there could be one last upward movement until the beginning of September, and then a prolonged sideways market period could follow.