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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
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Post original content (at least 100 words) on Gate Square related to
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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The analyst who says "Every dump is a buying opportunity" expects a record for Bitcoin.
Experienced analyst Willy Woo stated that the capital flows towards Bitcoin are strengthening and that this process is laying the groundwork for new peaks.
Woo stated in a post from account X that Bitcoin's key indicators are signaling a bull market. According to the analyst, the capital inflows into the Bitcoin network have gained momentum. Woo said, "Both total and speculative capital inflows have recovered from their lows. When these two types of inflows rise simultaneously, a strong bullish environment is created."
However, Woo emphasized that the likelihood of the price moving sideways in the short term is high and that Bitcoin needs to gather strength before gaining new upward momentum. He based this assessment on the volume-weighted average price (VWAP) indicator. According to the analyst, the VWAP is currently at plus three standard deviations, and this situation makes it difficult for the price to gain upward momentum.
"Bitcoin will continue to move towards new peaks as long as the capital flow trend persists. This indicates a solid structure in the long term. In the current market conditions, every dip is a buying opportunity. However, there are chances of a decline in the short term," said the analyst, emphasizing the strength of the long-term outlook.
Published: April 28, 2025 14:49