Bitcoin at $ 110,000! And then what?
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According to Willy Woo, Bitcoin (BTC) will quickly go to $ 118,000.
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On-chain data show that there is strength in the digital asset market.
The price of Bitcoin (BTC) is marking, For the first time in its history, the figure of $ 110,000.
Already this morning, the digital currency had exceeded its previous historical maximum, but then it had a correction. Now, BTC came up.
The following graph, provided by TrainingView, shows the behavior of BTC so far from 2025:
As cryptootics explained, this price increase is attributable to a combination of factors, among which the enormous institutional adoption and the growing demand by retail investors.
The $ 110,000, because it is a round number, constitute a potential profit taking sector. You might think that Bitcoin will spend some good time around this price zone.
In dialogue with this informative portal, the CEO of TrainingDifferent, Iván Paz Chain, had anticipated that $ 110,000 is an area with a lot of liquidityso Bitcoin would tend to go to these prices.
But, also trader and market analyst, Willy Woo, argues that $ 110,000 is just the beginning of something much greater. This morning, Woo wrote on his X account:
“Once BTC properly breaks the historical maximums, the 118K movement will be very fast.”
Willy Woo, Trader and Market Analyst.
Woo added that, at his discretion, BTC shows “a solid long -term perspective.”
According to on-chain data compiled and analyzed by Glassnode, It would still be more up for Bitcoin. For this analysis company, “the strength of the digital asset market remains solid.” The company adds to a recent report that “capital tickets have increased significantly, promoting capitalization made above 900,000 million dollars for the first time, a historical milestone that underlines the deep liquidity of the market.”
For everything mentioned, it can be thought that Bitcoin’s upward cycle still has strength to continue up. Of course, this does not imply that the digital currency can have bassist corrections, but, in the words of Willy Woo, every fall offers an opportunity to buy BTC at lower prices.
