Cryptocurrency analyst Min Tae-yoon has published a compelling analysis of the Bitcoin (BTC) price. According to Tae-yoon, BTC has reentered the classic “Triple Power” market structure, and as this structure nears its distribution phase, a break above $120,000 could trigger rapid upward momentum. Last weekend, Bitcoin's price fell to $112,000, a decline that some analysts believe could have triggered a “position reset” and paved the way for a rally. Tae-yoon argues that this correction could actually pave the way for a new upward move. The “Power of 3” model describes a three-stage market structure: “accumulation – manipulation – distribution.” This structure is particularly used to analyze the liquidity movements of institutional investors and is often preferred to understand the delayed reactions of individual investors. Related News: Donald Trump to Make Two Critical Appointments in the Next Few Days - Could Affect Markets, Here Are the Details According to the analysis, Bitcoin established a solid base in the $115,300-$119,500 range during the accumulation phase. The subsequent sudden drop dragged the price down to $112,000. This movement is generally interpreted as the liquidation of individual investors who bought at the peak and the creation of a new accumulation base in the market. One of the most striking points in Tae-yoon's analysis is that the $120,000 level acts as a “powerful price magnet.” If the price reaches and sustains above $115,300 and $116,800, Bitcoin could break through the $120,000 resistance and rapidly rally to the technical target of $126,000. It's estimated that $922 million worth of leveraged positions were liquidated during the recent correction. Position resets of this scale typically reduce market overheating and pave the way for a new rally. *This is not investment advice. Continue Reading: Korean Analyst States: “This Level in Bitcoin is Like a Very Strong Magnet”
