Bitcoin is set to break all-time highs as a top analyst sees surging inflows, strong fundamentals, and soaring investor confidence driving a massive rally.
Bitcoin Primed to Shatter All-Time Highs as Fundamentals Ignite Massive Rally
Willy Woo, a prominent onchain bitcoin analyst, shared an optimistic BTC outlook on social media platform X on April 27, highlighting a significant shift in market sentiment. Woo stated:
BTC fundamentals have turned bullish, not a bad setup to break all time highs.
Highlighting the strength of recent capital trends, Woo explained: “Capital flows into the network are ramping up. Both total and speculative flows have bottomed, when both align they join forces to make a bullish environment anchored in 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 by noting: “Our medium term targets of 90K and 93K have been taken out. The 108K target is still in play with a new interim target of 103K forming.”
According to Woo, achieving these milestones signals that bitcoin is advancing along a strong technical path, supported by the resurgence of liquidity and investor confidence. The analyst wrapped up his outlook with a broader view of the market’s trajectory. He remarked:
BTC is setting up for another break of all-time highs if the capital flow trend continues.
“It’s a solid long term setup. All dips are for buying under the present regime. In the very short term, there’s good chances of dips,” he clarified. Although Woo acknowledged the possibility of minor pullbacks in the immediate future, he underscored that under current conditions, such dips are likely opportunities rather than warning signs. His analysis suggests that if capital inflows maintain their momentum, bitcoin could soon be poised to challenge and surpass its previous peak prices.
Source: Bitcoin
