Analyst Willy Woo is Bullish on Bitcoin in Late January to February, Cautious About the 2026 Outlook

PANews January 11, 2025 — In a recent post, crypto analyst Willy Woo expressed optimism about Bitcoin's performance in late January to February, but remains bearish on 2026. Willy Woo stated: "Internal investor capital flow models predict that Bitcoin hit a bottom on December 24, and has been steadily strengthening since. Typically, it takes 2-3 weeks for such changes to reflect in price, and this is currently happening (though temporarily suppressed by short-term overbought technical indicators). Another positive factor is that cash liquidity (in the futures market) is recovering after months of weakness, similar to mid-2021, which led to the second top of the previous cycle. Therefore, the resistance level of $980,000 to $1 million needs to be held. If this resistance is broken, the next step will be to observe the resistance at the all-time high (ATH)." "However, I remain bearish on 2026 because, from a broader perspective, liquidity relative to price momentum has been weakening since January 2025. We are currently in a hot zone of the final phase, where momentum lacks sufficient liquidity support. If a large amount of spot (i.e., long-term) liquidity flows in over the next few months and breaks the downward trend, my view will change. It is worth noting that the bear market has not yet been confirmed, and confirmation of a bear market will be marked by sustained outflows of Bitcoin capital (a lagging indicator of a cycle top)."