A sharp Bitcoin pullback may have laid the groundwork for the next major surge.
According to analyst Min Tae-yoon, the recent drop to $112,000 wasn’t a setback—it was a strategic reset.
Tae-yoon points to a recurring market pattern often referred to as the “Triple Power” cycle. This model outlines three key stages—early accumulation, deceptive dips, and a final distribution wave. In his view, Bitcoin has already cycled through the first two phases and is now approaching the final act.
Trap, Flush, Launch
Overheated markets often cool off before a breakout, and the recent $922 million in liquidations may have done just that. Retail traders got flushed out, but deeper liquidity zones between $115,300 and $119,500 appear to have held firm. If Bitcoin stays above these zones, momentum could build fast.
Tae-yoon believes that $120,000 isn’t just another price level—it’s a psychological pivot. A clean break above it could act like a slingshot, pulling BTC toward $126,000 with minimal resistance.
Institutions Quietly Positioning
While retail eyes the headlines, institutional traders may already be positioning for the next leg. These strategic players often operate within market structures like the “Power of 3,” a framework that exploits delayed retail reactions and liquidity traps.
As market volatility cools and support levels stabilize, Tae-yoon suggests the rally could resume sooner than expected—and with far more force.
The information provided in this article is for informational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-correction-sets-the-stage-for-explosive-breakout-says-analyst/