Bitcoin's Capital Inflow Trending Positive as Analysts Predict Prices Surpassing $100,000
Rewritten Article:
Bitcoin's future is shining bright, according to technical analyst Willy Woo, who predicts a possible surge to new all-time highs. On April 27, Woo said, "Capital is pouring into the network, and it ain't no secret that we're setting up for a bull run."
Woo shared a chart that showed a noticeable increase in 30-day total flows and a decrease in 30-day speculative flows, signaling a solid foundation for growth. He went on to explain that both total and speculative flows have bottomed, indicating a powerful bullish environment.
The analyst's risk signal model has begun descending, meaning liquidity has returned to the market. Woo added, "The road might be bumpy, but major pullbacks will be minimal in this environment."
With the targets of $90,000 and $93,000 already hit, Woo foresaw the $108,000 target still being within reach with a new interim target of $103,000 forming. However, in the short term, a sideways trend or slow upward movement is more likely.
According to Woo, every dip signifies a buying opportunity under the current regime. He concluded, "If the capital flow trend keeps going, BTC is primed for another break of all-time highs."
Analyst Rekt Capital stated that Bitcoin needs a weekly close above $93,500 to begin a process of reclaiming its previous range. The asset dipped below $93,000 briefly on Monday morning but recovered, potentially setting the stage for this move.
Meanwhile, CryptoQuant's head of research, Julio Moreno, reported that the "Bull Score Index" has risen to 60, thanks to a rise in Bitcoin demand and a surge in stablecoin liquidity.
The positive weekly close has nudged the Bitcoin price above the short-term holder price for the first time since March 3. This move indicates that recent buyers are in profit, reducing the likelihood of panic selling and providing on-chain support for further growth, according to Galaxy Research.
On-chain metrics indicate a stronger footing, with more Bitcoin holders in profit and fewer reasons to sell during downturns. At the time of writing, Bitcoin was fluctuating just over $94,000 after holding steady around this level for the past five days.
Background Info:- Whale accumulation is a significant factor in Bitcoin's price resilience, as large investors buy up large amounts of BTC, contributing to its stability and upward momentum[1][2].- The price of Bitcoin is closely correlated with the U.S. Treasury premium, which has reached a 12-year high[1]. This suggests heightened institutional interest in Bitcoin as a safe haven asset[2].- Recent ETF activity indicates a shift from gold to Bitcoin as a preferred hedge against financial risks[1]. This trend could continue, leading to increased demand for Bitcoin and pushing up its price[2].
Key Risks:- Macroeconomic pressures, such as trade tensions, could trigger short-term volatility in the Bitcoin market[3].- If Bitcoin fails to maintain levels above the short-term holder cost basis, the price could be vulnerable to corrections[3]. This would weaken the bullish outlook and perhaps lead to a period of consolidation or even a temporary bear market.
- Amid the bullish environment, analyst Willy Woo expects Bitcoin's price to reach new all-time highs, citing the influx of capital and steady growth indicators.
- Altcoins, too, might benefit from this surge, as the blockchain industry's overall health appears to be strengthening.
- Meanwhile, bybit and other crypto trading platforms could see increased activity as investors capitalize on the bullish trend.
- The fundamental analysis suggests that the price of Bitcoin is further stabilized by whale accumulation and growing interest from institutional investors.
- However, potential risks include macroeconomic pressures, which could trigger short-term volatility, and a failure to maintain the price above the short-term holder cost basis, leading to corrections.
- In the finance world, the shift from gold to Bitcoin as a preferred hedge against financial risks could lead to more stablecoins entering the market, providing liquidity and supporting further growth.
