Willy Woo: Bitcoin has likely hit the bottom, the duration of the bull market is unknown

Cryptocurrency analyst Willy Woo stated, "I personally believe the probability of the cryptocurrency market hitting the bottom is 90%. Based on the liquidity of long-term investors returning, we are currently in an early bull market structure. The core of the judgment is the liquidity structure of BTC; there is an intention to avoid historical cyclical patterns, although these cyclical patterns have performed exceptionally well in determining market bottoms so far. According to cyclical patterns, the consensus probability among other analysts is about 40%.

From the perspective of liquidity structure, we are currently in an early bull market, and the market bottom has likely already occurred. If this judgment is correct, then there is another question: how long will this bull market last? Will it last for 3 years? I wouldn't necessarily bet on that, as historical cyclical patterns are gradually losing effectiveness. As long as the inflow of investor funds does not show significant weakness, the bull market structure will continue, but the duration is currently uncertain."