What $BTC just completed is not a matter of opinion or bias, it’s a matter of market structure.
A classic Wyckoff accumulation spring has already played out. Price dipped below support, stops were flushed, weak hands were forced out, and selling pressure failed to follow through.
That failure is the signal. The downside was tested and rejected.
In Wyckoff theory, the spring is not the end of the move, it is the confirmation that supply has been absorbed.
Once sellers exhaust themselves and price can no longer continue lower, the market transitions into the most important phase: the test.
If price holds during this phase, it confirms that demand is now in control and sets the stage for markup. This is precisely where Bitcoin is positioned now, with risk clearly defined and downside already proven false.
This is why Wyckoff springs are never topping signals. They are mechanisms used by the market to transfer supply from emotional participants to strong hands before expansion begins.
By the time consensus turns bullish, the opportunity is usually gone. The upside phase does not wait for agreement, it starts when doubt is highest and positioning is weakest.
If someone is still structurally bearish at this point, it’s not because they are cautious or early, it’s because they are ignoring what the market is objectively communicating.
Bitcoin doesn’t need narratives to move higher. It needs imbalance, absorbed supply, and time all of which are now in place.
The only real question left is not whether markup begins, but how many participants will still be waiting for confirmation after the trend has already started.
