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Bitcoin Ready to Break Historic Records as Fundamentals Ignite a Massive Rally

Bitcoin is poised to break historic records, as a prominent analyst sees increasing flows, solid fundamentals, and growing investor confidence driving a massive rally.

Willy Woo, a leading on-chain bitcoin analyst, shared an optimistic outlook for BTC on the social platform X on April 27, highlighting a significant shift in market sentiment. Woo stated:

The fundamentals of BTC have turned bullish, it's not a bad setup to break historic records.

Highlighting the strength of recent capital trends, Woo explained: “Capital flows into the network are increasing. Both total and speculative flows have bottomed out, when both align, they combine to create a bullish environment anchored in fundamentals.” Woo's analysis indicated that not only has speculative interest returned, but more importantly, fundamental investment is also strengthening the market.

He elaborated on price targets stating: “Our medium-term targets of 90K and 93K have been reached. The target of 108K remains in place with a new intermediate target of 103K forming.”

According to Woo, reaching these milestones indicates that bitcoin is moving along a strong technical path, supported by the resurgence of liquidity and investor confidence. The analyst closed his outlook with a broader view of the market trajectory. He commented:

BTC is preparing for another breakout of all-time highs if the capital flow trend continues.

“It’s a solid long-term setup. All dips are to buy under the current regime. In the very short term, there are good chances of dips,” he clarified.