Analyst Reveals Bitcoin Market Maker Buying Strategy, Indicating Market Direction After Accumulation Ends

BroadChain BroadChain learned that at 09:16 on April 18, according to Bitcoinist, cryptocurrency analyst Merlijn The Trader proposed a market structure framework called the "Market Maker Buy Model" on the X platform, suggesting that Bitcoin's recent price movements are following a predictable trading cycle driven by institutions. This model divides market behavior into four stages: first, the "distribution" stage occurring around mid-2024 in the range of approximately $100,000 to $120,000, during which prices fluctuate downward, indicating that large holders are selling to actively buying retail investors at market tops; followed by the "washout" stage, where Bitcoin's price sharply declines from $100,000 to $62,000, a drop of about 38%, aimed at forcing weak traders out of the market; currently, the market is in the third "accumulation" stage, with prices consolidating narrowly between approximately $60,000 and $77,000, as institutional buyers gradually accumulate positions; the fourth stage is "re-accumulation," expected to occur in the range of about $80,000 to $95,000, providing an opportunity for large investors to further consolidate their positions before the next upward move. The analyst pointed out that once Bitcoin completes the accumulation and re-accumulation stages, its upward target could exceed $142,000, potentially breaking historical highs before January 2027. Currently, close attention should be paid to the key resistance level around $70,000, as holding this level is crucial for maintaining the model's structure.