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BTC $63,289.05 +0.73%
ETH $1,706.52 -0.09%
BNB $580.37 +0.47%
XRP $1.12 -0.80%
SOL $69.41 -0.19%
TRX $0.3232 +0.92%
DOGE $0.0832 -0.18%
ADA $0.1618 -0.73%
BCH $197.94 -0.28%
LINK $7.92 -0.86%
HYPE $69.78 +3.06%
AAVE $72.98 -1.68%
SUI $0.7138 -1.67%
XLM $0.2172 -7.61%
ZEC $471.33 +2.98%

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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