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Analyst: Bitcoin Short-Term Could Challenge $98-100K Resistance, But Bearish on 2026 Annual Trend
Summary: Cryptocurrency analyst Willy Woo expressed bullish sentiment on Bitcoin's performance from late January to February, citing internal investor flow models showing market strength since bottoming out in late December, with prices typically taking 2-3 weeks to reflect this change. Additionally, derivative liquidity in the futures market is returning after months of decline, similar to the ...
Cryptocurrency analyst Willy Woo expressed bullish sentiment on Bitcoin's performance from late January to February, citing internal investor flow models showing market strength since bottoming out in late December, with prices typically taking 2-3 weeks to reflect this change. Additionally, derivative liquidity in the futures market is returning after months of decline, similar to the situation in mid-2021 that led to the second peak of the previous cycle. Currently, Bitcoin needs to challenge the price range of $98,000 to $100,000, with observation needed if this level is broken to assess resistance at the all-time high (ATH). However, Willy Woo remains bearish on the entire 2026 year, as liquidity flow has been weakening relative to price momentum since January 2025. A significant influx of spot liquidity in the coming months could change his outlook. The bear market has not been confirmed yet, with negative capital outflows from Bitcoin continuously increasing, a lagging indicator of a cycle top.
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Link: Analyst: Bitcoin Short-Term Could Challenge $98-100K Resistance, But Bearish on 2026 Annual Trend [Copy]
