#BTC☀️ is preparing to break historic highs

While bitcoin (BTC) remains around 95,000 dollars (USD), bullish expectations in the market are growing. However, that does not mean it cannot experience a drop before continuing to rise.

Analyst Willy Woo argues that "BTC is preparing for another breakout of historic highs if the capital flow trend continues." According to his assessment, this projection is a solid long-term outlook.

Although, in the very short term, he sees good chances of price pullbacks, as a natural part of a bullish process. Therefore, under the current market regime, he believes that "all dips are for buying."

For the analyst, the fundamentals of bitcoin have turned bullish, creating a favorable environment to surpass previous high levels. He details that capital flows into the network are increasing.

As shown in the following chart, both spot and speculative capital flows in the futures market are rising correlated after hitting bottom. In his view, when both align, "they combine forces to create a bullish environment anchored in the fundamentals."