Veteran Bitcoin analyst Willy Woo says that the flagship Cryptocurrency is based on a possible break of new highlights in the midst of growing capital flows.
Woo Post on the social media platform X and tells his 1.1 million followers that the foundations of Bitcoin (BTC) have become bullish and that the current structure is “not a bad setup” for a break of all time.
“Capital flows in the network are rising.
Both total and speculative flows are soil. When both of them are coordinated, they join forces to have a bullish environment anchored in Fundamentals. “
In the short term, however, Woo says that there is a high chance of more lateral price action before BTC gets the strength for a new leg up, and notes that his volume -weighted average price (vwap) indicator is relatively high.
VWAP is the average price of an active for a certain period, but weighed for trade volume.
“… But in the short term, VWAP will be on the chain at +three standard deviations, which means that it will be difficult to go up with a decent momentum as a result of overloading.
Sideways promotion or, in the most bullish case, a slow routine up is the order of the day. “
Woo says in summary,
“BTC is committed to a new break of all time when the trend of the capital flow continues. It is a solid long -term set -up.
All dips are for sale under the current regime. In the very short term there are good chances of dips. “
At the time of writing, Bitcoin acts at $ 93,768, an increase of 11% in the last seven days.
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Generated image: midjourney