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MU $1,066.52 -0.39%
AMD $631.54 -0.35%

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

2024-09-12 13:14:06

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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