Master Analyst Willy Woo Declared That He Is Bullish on Bitcoin and Shared His New Target!

The leading cryptocurrency Bitcoin (BTC) started the new week with a rise as critical economic data from the USA is set to be released.

Once again, Bitcoin has surpassed 94 thousand dollars and is approaching 95 thousand dollars.

Although this rise in BTC is welcomed positively, investors are still approaching cautiously. However, experienced analyst Willy Woo highlighted in his analysis that there has been a significant change in market sentiment.

Woo stated that Bitcoin has risen with the emergence of new targets.

Willy Woo stated that the foundations of Bitcoin have shifted to a bull market and that it has prepared the ground for a possible rise to new all-time highs.

Because both total and speculative flows have reached a low, the analyst noted that capital flows to the network have increased, stating that this situation has created a bullish environment supported by strong fundamentals.

"Capital inflow is increasing. Both total and speculative flows have hit rock bottom, and when combined, they create a fundamentals-based bull market environment.

In this environment, downward pullbacks will remain limited.

Woo, who also commented on the price target, stated that BTC has already reached the medium-term targets of 90,000 dollars and 93,000 dollars, and said that the new target for BTC is 103,000 dollars.

At this point, the analyst stated that the target of 108,000 dollars remains active and that a new interim target has emerged at 103,000 dollars.

"Our medium-term targets of 90 thousand dollars and 93 thousand dollars have been exceeded. The target of 108 thousand dollars is still active, but currently, 103 thousand dollars is emerging as a new interim target."

Willy Woo recently stated that considering the current conditions, all declines should be seen as buying opportunities, but he also added that declines are likely in the very short term.