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ETH $1,708.33 -0.32%
BNB $581.05 +0.39%
XRP $1.12 -0.76%
SOL $69.68 -0.04%
TRX $0.3231 +0.78%
DOGE $0.0835 +0.02%
ADA $0.1631 -0.53%
BCH $198.75 -0.17%
LINK $7.89 -1.55%
HYPE $69.18 +2.12%
AAVE $74.33 -2.37%
SUI $0.7153 -1.93%
XLM $0.2164 -6.71%
ZEC $472.80 +4.14%

Willy Woo: Bullish in the short term, but Bitcoin needs more time to break the historical high

2024-09-12 13:14:06
Collection

ChainCatcher news, renowned cryptocurrency analyst Willy Woo posted on social media predicting the Bitcoin market:

  • Short-term: Timing signals indicate bullish volatility for 1-3 weeks.
  • Medium-term: Since the halving in April, the supply-demand relationship has been bearish, but a reversal pattern may have started in the past 4 weeks (not yet confirmed), and more time is needed before Bitcoin breaks its all-time high.
  • Macro: Risk signals confirm lower lows, BTC is not in a bear market, but is in a re-accumulation phase waiting.
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