EddieJayonCrypto
28 Apr 25
Veteran Bitcoin analyst Willy Woo states that Bitcoin fundamentals have turned bullish, with increasing capital flows indicating a potential break of all-time highs. He notes both total and speculative capital flows have bottomed, creating a strong fundamental environment. However, in the near term,...
Veteran Bitcoin analyst Willy Woo predicts that Bitcoin is positioning itself for new all-time highs, driven by increasing capital flows and strong bullish fundamentals.Woo highlights that both total and speculative capital flows have reached their bottom, creating a robust fundamental environment supportive of a price breakout. However, he advises caution in the near term, expecting sideways price action due to an overextension indicated by a high volume-weighted average price (VWAP). VWAP, which measures the average price weighted by trading volume, is currently at three standard deviations, signaling limited upward momentum for now.Despite short-term volatility and potential dips, Woo views these pullbacks as prime buying opportunities within the current market regime. His long-term outlook remains solid, projecting that if capital flow trends continue, Bitcoin could soon embark on another rally to surpass previous all-time highs.Currently, Bitcoin is trading at $93,768, marking an 11% increase over the past week. This momentum, coupled with the improving fundamental setup, fuels optimism among investors looking for strategic entry points during dips.In summary, Woo advises patience through short-term fluctuations, emphasizing that the ongoing alignment of capital flows sets the stage for a bullish run ahead.