PANews reported on April 27 that crypto analyst Willy Woo stated that Bitcoin's fundamentals have turned bullish, with increasing capital inflows into the network, creating favorable conditions for breaking its historical high. He pointed out that both overall and speculative market funds have bottomed out, and when these two combine, they form a favorable market environment. Currently, market liquidity is recovering, with reduced downside risks.
Woo mentioned that Bitcoin's medium-term price targets of $90,000 and $93,000 have been reached, with the $108,000 target still in sight, and a new medium-term target of $103,000. As on-chain indicators suggest the price is relatively high, rapid short-term appreciation may be challenging, and the market might trade sideways or rise slowly. Additionally, new capitalflow inchannels provide convenience for traditional investors, with these channels being recognized by banks and brokerage firms as collateral, circumventing Bitcoin's regulatory challenges.
