Bitcoin is potentially heading towards an all-time high with strong capital inflows and bullish momentum.
From Investing.com
January 26, 2025 07:30 AM:
Analyst Willy Woo notes increasing capital inflows into Bitcoin network, leading to interest in price fluctuations and network dynamics. Sideways trading moving into stronger hands creating accumulation zone. If inflows continue, accumulation phase could lead to all-time high. Surge in demand reflected in capital inflow metric, potential catalyst for surpassing resistance levels and reaching new highs. Bitcoin in upward trend with higher highs and lower lows on price chart. Breakout from descending trendline confirmed bullish momentum, supported by 50-day and 100-day moving averages. $110,000 mark crucial short-term level to watch for potential gains. Rally toward previous peak possible with strong volume, prudence needed due to potential market challenges. Bitcoin must maintain recent bullish structure to avoid deeper correction or consolidation. Bright future indicated by price action and fundamentals, consistent capital inflows support potential all-time high.
Read more at Investing.com: Bitcoin (BTC) All-Time High Coming? Analyst Willy Woo By U.Today
