$BTC

#BTC Bitcoin is in excellent shape to continue rising": Willy Woo

The market analyst and professional trader is extremely optimistic about the future of bitcoin in the short term.

The bitcoin (BTC) market is experiencing a moment of high expectation and doubts after reaching $124,000 last week, only to retreat to $112,000 due to massive liquidations.

Willy Woo, analyst and professional trader, observes these movements with optimism and points out that the currency is well positioned to continue its ascent, as long as market liquidity remains robust.

Woo believes that the bitcoin bull cycle is far from exhausted. The trader takes a more pragmatic approach. "Trying to guess a peak price is pointless, like trying to order chaos," he states.

Instead of specific projections, Woo focuses his analysis on liquidity metrics, which he considers a key indicator to anticipate market movements.

For example, the risk signal of MCR (Market Capitalization Realized), a metric that evaluates market value based on the price at which each bitcoin was last traded, is decreasing.

The chart visualizes how the MCR, by remaining low or declining in recent months, supports optimism about bitcoin's bullish potential, despite recent fluctuations (such as the drop from $124,000 to $112,000), which would be a small correction within the overall bullish trend visible in the orange line.