“Bitcoin prepares to break historical maximums”: Willy Woo
While Bitcoin (BTC) remains around $ 95,000 (USD), bullish expectations grow in the market. However, that does not mean that you cannot experience a fall before continuing up.
The analyst Willy Woo argues that “BTC prepares for another break of historical maximums if the capital flow trend continues.” According to its evaluation, this projection is a solid long -term perspective.
Although, In the very short term it sees good chances of price setbacksas a natural part of a bullish process. Therefore, under the current market regime, he considers that “all falls are to buy.”
For the analyst, Bitcoin’s foundations have become bullishconfiguring a favorable environment to exceed the maximum previous levels. It details that capital flows to the network are increasing, both in the spot and speculative market in futures.
As the following graph shows, both Spot and speculative capital flows in the futures market are rising correlated after the bottom. In his opinion, when both align, “they join forces to create a bullish environment anchored in the fundamentals.”
An example of the increase in flows is, in addition, the performance that Bitcoin quoted funds (ETF) have had in the United States. With an income of USD 3,000 million last week, they registered their maximum ticket in five months and the second highest in their history, which exhibits the reactivation of the upward feeling.
Lower the risk in the Bitcoin market
Woo also highlights that, as seen below, Your risk model has begun a descending trendwhich implies that liquidity has returned to the market and that, in this environment, the bassist setbacks would be moderate.
As for prices, Woo states that its objectives in the medium term of reaching USD 90,000 and USD 93,000 have been met. In this context, it indicates that the search for 108,000 is still valid, while A new provisional objective around USD 103,000 begins to form.
However, the analyst warns that the VWAP ON-CHAIN, an average price indicator weighted by volume in the network that is exhibited below, is found in 3 standard deviations. This means that “it will be difficult to ascend with a decent impulse due to overextension,” he explains.
Therefore, in his opinion, What follows for the price of Bitcoin is a lateral action or, in the most bullish case, a slow promotionto then continue to new historical maximums.
BTC reached its maximum price in 2 months
The analysis takes place after Bitcoin reached the USD 95,000 last week for the first time in two months, which broke with the bearish trend that it kept since it marked its historical maximum of USD 109,000 three months ago.
As Cryptonoticia reported, The climb occurred in the middle of the moderation of the “commercial war”with the government of Donald Trump advancing in negotiations with countries about import tariffs. In addition, the president continues to press the Federal Reserve (FED) to lower interest rates.
With this panorama, the risk markets reacted upwards, while the Bitcoin narrative gains strength as an active refuge in the midst of economic uncertainty.
