Bitcoin Price Nears $122K as Willy Woo Calls It the ‘Perfect Asset’ for 1,000 Years

Bitcoin is testing a key resistance zone near $122K as bullish momentum builds on the daily chart. Short-term moving averages are aligned in a positive formation, the RSI is climbing without showing exhaustion, and the MACD has confirmed a bullish crossover — all signs pointing toward potential further upside.

Order book data reveals heavy ask walls between $121,790 and $122,000, suggesting this is the critical level to watch. A decisive breakout with strong volume could open the door for continuation trades, while failure to hold above $121,600 may trigger a pullback toward $117,265 support.

At the same time, Bitcoin analyst Willy Woo says BTC is the “perfect asset” for the next 1,000 years but warns it must attract significantly more capital to rival the U.S. dollar and gold. He cautions that reliance on ETFs and corporate custody could create vulnerabilities, even as corporate treasuries accelerate adoption.

With both short-term trading signals and long-term adoption debates heating up, Bitcoin’s next moves could be pivotal for traders and investors alike.

#BTC $BTC #CryptoNews #ETFs

Read the full analysis: www.ecoinimist.com/2025/08/11/bitcoin-nears-112-k-perfect-asset