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BTC $62,771.19 -0.63%
ETH $1,668.21 -1.03%
BNB $597.48 -0.97%
XRP $1.13 -0.37%
SOL $65.95 -0.26%
TRX $0.3254 -0.22%
DOGE $0.0851 -0.58%
ADA $0.1668 +2.29%
BCH $205.44 -7.95%
LINK $7.85 -0.58%
HYPE $62.79 +4.64%
AAVE $62.30 -1.05%
SUI $0.7442 -1.54%
XLM $0.1991 -2.16%
ZEC $448.02 +3.99%

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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