Willy Woo: Bullish in the short term, but it will take more time for Bitcoin to break through its historical high
Cryptocurrency analyst Willy Woo posted on social media, "Short term: Timing signal for a bullish fluctuation of 1-3 weeks. Medium term: Since the halving in April, supply-demand relationship has been bearish, but a reversal pattern may have started to appear in the past 4 weeks (not yet confirmed), it will take more time for Bitcoin to break through its historical high. Macro: Risk signals confirm lower lows, BTC is not in a bear market but waiting in a reaccumulation mode."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
"Smart money" makes massive purchases of U.S. stocks! Bank of America clients record the sixth highest weekly net purchases in history, technology stocks favored again
According to the latest client fund flow data from Bank of America, last week its clients recorded a net purchase of U.S. stocks for the second consecutive week, with the inflow reaching the highest level since mid-July. This marks the sixth largest single-week net inflow since the bank began tracking weekly data in 2008.
UBS lifts Azelis stake above 3% voting rights threshold again, filing shows
Crypto prices
More
