PANews, February 27 — Bitcoin analyst Willy Woo tweeted that his on-chain and liquidity models indicate that the selling pressure from Bitcoin investors has largely eased. The price may consolidate for about a month or so, possibly rebound to the mid-$70,000 range but likely face resistance. Woo stated that both spot and futures liquidity are currently bearish, and he has never seen a sustained rally when both sides are simultaneously bearish. His “educational analysis” suggests that this bear market could end in the fourth quarter of this year, with true bullish momentum possibly returning in the first or second quarter of 2027. The typical bear market bottom is around $45,000, and if the global macro environment weakens significantly, $30,000 and $16,000 will serve as key support levels and the last line of defense for maintaining a long-term bull market structure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
From Blackouts to Bitcoin: South African Power Utility's Surreal Pivot to High-Intensity Power Sales
Eskom, South Africa’s state-owned power utility, is reversing its previous stance by targeting high-intensity energy consumers, specifically bitcoin mining companies. Nyati announced plans to sell excess electricity generated during the day due to increased solar power usage.
The Solar
Coinpedia7m ago
Silver-Togued Analyst Prepares for the Next Leg Down for BTC Between $44,000 – $57,000
Silver-tongued analyst prepares for the next leg down for BTC.
He expects BTC to drop twice into two specific bearish boxes.
The first will take the price of BTC to $57,000, and the next below $50,000.
The crypto community clings to bullish hope as the price of Bitcoin (BTC), the
CryptoNewsLand8m ago
MICA Daily｜Exchange liquidity dries up, BTC trend continues to weaken
The latest US CPI data released aligns with market expectations, but due to the impact of the Middle East situation, market reactions are muted. The US stock indices fluctuate, and BTC prices hover around $70,000. Although it appears stable in the short term, market sentiment remains pessimistic, and whether the price can stay above $70,000 in the future remains uncertain, mainly depending on the development of the Middle East situation. Meanwhile, Binance's net flow data shows that investors withdraw BTC during market downturns, but selling pressure still exists.
区块客8m ago
Nic Carter: The controversy over BIP-360 authorship is not important; focus should be on the quality of the proposal and quantum resistance goals
Castle Island Ventures Partner Nic Carter stated that the Bitcoin community should focus on the technical quality of the BIP-360 proposal rather than the author's identity. By eliminating the quantum vulnerability in Taproot addresses, it paves the way for Bitcoin's quantum resistance. As ECC risks become increasingly apparent, enhancing quantum resistance has become an important topic.
GateNews28m ago
Bitwise: Why is Bitcoin destined to reach one million dollars?
The author analyzes the potential of Bitcoin, believing it could reach $1,000,000 within the next ten years. By viewing Bitcoin as an emerging store of value asset and comparing it to the gold market, the article demonstrates the possibility of Bitcoin capturing a larger market share in the future. The author points out that the global store of value market is continuously expanding, and Bitcoin investments are gradually being accepted by institutions, but also warns of risks such as market stagnation and insufficient Bitcoin market share. Overall, the author maintains an optimistic outlook on Bitcoin's prospects.
PANews53m ago
