Willy Woo: Bitcoin's fundamentals have turned bullish, the market may be sideways or slowly rising

Crypto analyst Willy Woo stated that the fundamentals of Bitcoin have turned bullish, and the influx of funds into the network is increasing, creating favorable conditions for it to break through historical highs. He pointed out that both the overall market and speculative capital flows have bottomed out, and when these two factors are combined, a favorable market environment will be formed. At present, market liquidity has rebounded and the downside risk is relatively low. Woo mentioned that Bitcoin's mid-term target prices of $90000 and $93000 have been reached, with the $108000 target still in place and a new mid-term target of $103000. Due to on chain indicators showing high prices, it may be difficult to quickly rise in the short term, and the market may experience sideways or slow upward movements. In addition, new channels for capital inflows have provided convenience for traditional investors, which are recognized by banks and brokerage firms as collateral, avoiding the regulatory issues faced by Bitcoin.