Prominent on-chain analyst Willy Woo predicts a surge of bullish momentum for Bitcoin in the near-to-intermediate-term future. His chart highlights price trends and Bitcoin's exchange inventory, showing a bullish swing that may continue for an additional week. Although derivatives trading remains stagnant, there is consistent buying in the spot market, suggesting accumulation by long-term holders and investors. This accumulation could potentially lead to a bull market move if demand continues. However, the market dynamics are currently neutral to bearish, and a short squeeze could alter the situation and raise the price of Bitcoin, potentially entering a firmly bullish phase. Woo's analysis provides valuable information for traders and investors.
- Content Editor ( u.today )
- 2024-09-18
Next Bitcoin (BTC) Move Discovered by Top Analyst Willy Woo