All-time highs for Bitcoin are expected to be broken as surging inflows, strong fundamentals, and rising investor confidence are seen as driving a massive rally, according to a top analyst.
An optimistic BTC outlook was shared by Willy Woo, a prominent on-chain bitcoin analyst, on the social media platform X on April 27, with a significant shift in market sentiment being highlighted.
BTC fundamentals have turned bullish, not a bad setup to break all time highs.
The strength of recent capital trends was highlighted by Woo, who explained: “Capital flows into the network are increasing. Both total and speculative flows have reached their lowest point, and when aligned, they combine to create a bullish environment based on fundamentals.” Woo’s analysis indicated that not only has speculative interest returned, but more importantly, fundamental investment is also strengthening the market.
Price targets were elaborated on by him, who noted: “Our medium-term targets of 90K and 93K have been surpassed. The 108K target is still in play, with a new interim target of 103K emerging.”
It was stated by Woo that achieving these milestones indicates that Bitcoin is progressing along a strong technical path, bolstered by the resurgence of liquidity and investor confidence. A broader view of the market’s trajectory was provided by the analyst.
BTC is setting up for another break of all-time highs if the capital flow trend continues.
“It is considered a solid long-term setup. All dips are viewed as buying opportunities under the present regime. In the very short term, good chances of dips are expected,” was clarified by him. Although the possibility of minor pullbacks in the near future was acknowledged by Woo, it was emphasized that under current conditions, such dips are seen as opportunities rather than warning signs. It is suggested by his analysis that if capital inflows maintain their momentum, Bitcoin could soon be poised to challenge and exceed its previous peak prices.
