Willy Woo Bullish on Bitcoin in Late January to February, Cautious on 2026 Outlook

According to ChainCatcher, crypto analyst Willy Woo posted that he is bullish on Bitcoin's performance from late January to February, but 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. Normally, it takes 2-3 weeks for this to reflect in price, and we can say this is currently happening (though temporarily suppressed by short-term overbought technical indicators). Another positive factor is that cash liquidity (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)." "But I still remain bearish on 2026, as from a more macro 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)."