Willy Woo, one of the leading cryptocurrency analysts, said that Bitcoin (BTC) has a clear path up to $ 40 thousand and a big move will come within 1 week.
Willy Woo is a recent social media in your postBitcoin price 40 thousand dollars While stating that there are not many obstacles in front of him to go, he mentioned that Bitcoin is at the beginning of a big movement and that it is possible to happen within 1 week. glassnode data and long-term macro- Woo, who offers a framework, stated that many data carry bullish signals and pointed out that April could be interesting.
Analyst, Bitcoin Macro Index (BMI) Sharing his data, he pointed out that Bitcoin left the accumulation phase behind and that a new low level was formed. BMI is among the most important bullish signals.
The Bitcoin Macro Index broke just above the lower blue band, suggesting that the “reaccumulation” phase of the cycle has begun. So the bottom is formed, rejecting more low prices and the price is moving in a volatile bullish direction.
Long-term Bitcoin investors with short term investors Comparing the data, Woo states that the purchase cost of short-term investors is cheaper than long-term investors. an important bottom signal claimed it was.
Similar view from cost-based analysis. Bottoms signal when short-term holders (end buyers) are cheaper than long-term holders. Now this cycle is changing.
On the other hand, the order board liquidity is getting weaker and up to 40 thousand dollars almost there is no significant sell order the analyst, 30-40k thousand dollars He added that volatility may increase between
April will be an interesting month to watch. The order book is examining liquidity and there is a huge liquidity gap of $40,000 from here. Increasing volatility is almost certain.
Noting that Bitcoin’s price stability picture has formed a peak, the analyst stated that this could probably be the main sign of a big rise.
Price stability has formed a top structure, which probably represents the start of a major move. (It usually happens within a week).
According to CoinGecko data, in the last 24 hours 6.1% rising BTC, at the time of writing 30,067 traded in dollars.