U.Todyay – With analyst Willy Woo, who highlights the increasing influx of capital into the net, interest in the price fluctuations and the network dynamics is growing. Woo claims that while lateral trading Bitcoin goes silently into stronger hands, the accumulation zone is created. He says that if the inflows continue in the days to come, this phase of accumulation could lead to the highest level of all time.
The degree of network activity and the interest of the investor is reflected in the capital of capital inflows. There is a new increase in demand as these inflows increase. If it is maintained, this demand could serve as a catalyst for bitcoin to surpass significant resistance levels and reach new peaks. Bitcoin is still in an upward trend, which is visible from higher and lower lowest values on the price chart.
While the support levels close to $ 98,000 and $ 92,000 offer a solid foundation, a breakthrough from the long -term descending line of the trend of about 100,000 USD confirmed bull momentum. The ascending path is enhanced by the 50-day and 100-day moving average. A psychological limit of $ 110,000 is one of the important short -term levels to be careful about, as it can serve as a springboard for additional winnings.
Conditions for the climb to the previous peak of bitcoin can still be created if it is able to overcome this resistance with a strong volume. However, since the market can encounter additional challenges, prudence is necessary. The ascending trend can be stopped if the capital influx is reduced or if the current support level does not maintain.
In order to prevent deeper correction or slip into consolidation, Bitcoin must retain its recent bull structure. The price of the action and the basics of bitcoin indicates a bright future. With consistent influx of capital, Woo’s analysis strengthens arguments for the potential record of all time.
