Joao Wedson: Bitcoin enters final selling phase with preliminary support building

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Bitcoin enters its final selling phase

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Jose Antonio Gastelum

01.07.2026

Joao Wedson: Bitcoin enters final selling phase with preliminary support building — Bitcoin enters its final selling phase

Joao Wedson outlines that Bitcoin is now entering its final selling phase.

According to Joao Wedson, this stage includes a period called preliminary support, where increased buying activity starts to offer noticeable support to prices after a prolonged decline. He highlights rising trading volumes and widening price spreads as indications that this phase is underway.

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Wedson recently suggested Bitcoin’s price bottom could form before the launch of GTA 6, with market sentiment likely to shift afterwards, according to a previous note. He has also forecast that Bitcoin could move toward $57,300, citing the role of liquidity in shaping trading opportunities in an earlier analysis. These views reflect Wedson’s ongoing attention to key support levels and trading flows.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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