Bitcoin’s weekend crash has brought the $60,000 level back into focus, but crypto analyst Merlijn The Trader thinks the real opportunity might come at an even lower price. By comparing Bitcoin’s current structure to the 2022 Wyckoff accumulation phase, he argues that buying into the current bounce would be a costly mistake, since the true accumulation window hasn’t opened yet.
Bitcoin’s Wyckoff Setup Points Below $60,000
To understand where Merlijn thinks Bitcoin is headed, it helps to look at where it’s been. His analysis is based on the Wyckoff accumulation model, using Bitcoin’s 2022 bottom as a reference. Back then, Bitcoin formed a “spring” around $15,500, then recovered to about $23,000, where eager buyers jumped in, thinking the worst was over. But it wasn’t. The price then saw a second wave of selling that crushed those late buyers before the real uptrend began.
Merlijn believes the 2026 structure is developing in a similar way. His chart shows Bitcoin currently trading at a stage similar to where the market previously showed strength, lost momentum, and then dropped into the spring phase. The key takeaway is that any bounce from the current area may not be the right time for aggressive buying.
Another important point is that the $60,000 level could be misleading. Bitcoin fell below it during the recent selloff, and it matters as support because it’s close to the 200-week moving average.
The DCA Zone That Could Matter Most
Merlijn’s Wyckoff setup has five phases: Phase A stops the downtrend with a selling climax, Phase B builds the foundation as institutions accumulate within a range, Phase C delivers the spring (a final shakeout below support), Phase D marks up within the range with a last point of support and a sign of strength, and Phase E is the breakout and uptrend.
His chart places Bitcoin in this structure for 2026, with the spring phase still ahead. He predicts a spring down to $50,000, followed by a bounce rally to $65,000–$70,000. That bounce, he warns, will once again trap bulls who think it’s a recovery—just like the 2023 trap.
Merlijn identifies Bitcoin’s dollar-cost averaging zone between $48,000 and $59,000. This is where he expects the best long-term entry points to appear. So patience is key, and the conclusion is that the best time to start buying Bitcoin may be when fear is strongest, within the $48,000 to $59,000 range—not when it first bounces back above $70,000.
At the time of writing, Bitcoin is trading at $62,891.
Frequently Asked Questions
Here is a list of FAQs based on the article title An analyst says you dont need to wait for Bitcoin to hit 60000 heres the best time to start buying
General Beginner Questions
1 Wait I thought you were supposed to buy Bitcoin when its cheap Why would I buy now instead of waiting for a dip
Answer The analyst suggests that waiting for a specific low price might mean missing the boat If Bitcoin is already on an upward trend buying noweven if its not at the absolute bottomcould be better than waiting for a price that never comes
2 What is the best time to start buying according to this analyst
Answer The best time isnt a specific price but rather a strategy buying in small regular amounts during periods of strong market momentum rather than trying to time a single perfect low point
3 Im new to crypto What does dollarcost averaging mean
Answer It means investing a fixed amount of money every week or month no matter the price This way you buy more Bitcoin when its cheap and less when its expensive smoothing out your average cost over time
4 So does this mean I should sell everything and buy Bitcoin right now
Answer No The advice is about starting a buying plan not making a reckless bet Always invest only what you can afford to lose and do your own research This is a strategy for building a position not a rush to buy everything at once
Strategy Timing Questions
5 If I dont wait for 60k what price level should I watch instead
Answer The analyst likely focuses on technical support levels or trend lines not a round number For example they might suggest buying when Bitcoin holds above its 50day moving average rather than waiting for a specific dollar figure
6 How do I know if the market has momentum to start buying