Bitcoin is poised to surpass historical highs as the leading analyst sees a growing influx of capital, strong fundamentals, and increasing investor confidence, leading to a massive rally.
Willy Woo, a renowned Bitcoin analyst, shared an optimistic outlook on BTC on the social media platform X on April 27, highlighting a significant shift in market sentiment. Woo stated:
BTC's fundamentals have turned bullish, which is a good setup for surpassing historical highs.
He elaborated on price targets, noting: “Our mid-term targets of 90K and 93K have been achieved. The target of 108K is still in play, and a new intermediate target at 103K is being formed.”