Bitcoin faces $95K risk as Wyckoff analysis signals distribution phase

Bitcoin’s rally may be losing steam, with analysts warning it has entered the Wyckoff “distribution phase” that could push prices down to $95,000, according to Cointelegraph. ZAYK Charts said weakening momentum and bearish Relative Strength Index (RSI) divergence suggest a potential shift to a markdown phase. The $92,000–$95,000 zone, a key support area since last year, is now in focus, while traders eye a $117,000 CME futures gap ahead of the U.S. CPI report.