A top analyst expects Bitcoin to break all-time highs, driven by surging inflows, strong fundamentals, and rising investor confidence fueling a massive rally.
Willy Woo, a prominent on-chain bitcoin analyst, shared an optimistic BTC outlook on the social media platform X on April 27, highlighting a significant shift in market sentiment.
BTC fundamentals have turned bullish, not a bad setup to break all time highs.
Woo highlighted the strength of recent capital trends, explaining, “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.
He elaborated on price targets, noting that the medium-term targets of 90K and 93K have been surpassed. He added that the 108K target is still in play, with a new interim target of 103K emerging.
Woo stated that achieving these milestones indicates 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.
He clarified, “It is a solid long-term setup. Under the present regime, investors view all dips as buying opportunities. In the very short term, we expect good chances of dips.” Although Woo acknowledged the possibility of minor pullbacks soon, he emphasized that current conditions make these dips opportunities rather than warning signs. His analysis suggests that if capital inflows maintain momentum, Bitcoin could soon challenge and exceed its previous peak prices.
