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BTC $67,877.58 -3.44%
ETH $2,041.10 -5.13%
BNB $625.69 -2.45%
XRP $1.42 -4.56%
SOL $81.67 -4.53%
TRX $0.2795 -0.47%
DOGE $0.0974 -3.83%
ADA $0.2735 -4.22%
BCH $466.32 -0.52%
LINK $8.64 -2.97%
HYPE $28.98 -1.81%
AAVE $122.61 -3.42%
SUI $0.9020 -6.12%
XLM $0.1605 -4.62%
ZEC $260.31 -8.86%

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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