NewsBTC •
June 9, 2026 at 13:20 •
Analysis
Bitcoin’s crash over the weekend has brought the $60,000 level back into the market conversation, but crypto analyst Merlijn The Trader believes the real opportunity may come at a lower price. Technical analysis comparing the current Bitcoin structure with the 2022 Wyckoff accumulation phase shows that buying the current bounce would be a costly mistake because the real accumulation window has not even opened yet. Bitcoin’s Wyckoff Setup Points Below $60,000 To understand where Merlijn The Trader believes Bitcoin is headed, it helps to understand where it has been. Merlijn’s analysis is built around the Wyckoff accumulation model, using Bitcoin’s 2022 bottoming structure as the reference point. Back in that cycle, Bitcoin formed a spring around $15,500, recovered in...
