PANews January 11 News, Crypto analyst Willy Woo wrote that he is optimistic about Bitcoin’s performance from late January to February, but currently bearish on 2026.
Willy Woo stated: “The internal investor capital flow model predicts that Bitcoin bottomed on December 24 and has been steadily strengthening since then. Usually, it takes 2-3 weeks for this to be reflected in the price, and it can be said that this is happening now (just suppressed by short-term overbought technical indicators). Another positive factor is that the liquidity of fiat currency (futures market) is recovering after months of stagnation, similar to mid-2021, which led to the second top of the previous cycle. Therefore, the resistance level of -@E1@ USD needs to be defended. If this resistance is broken, the next step is to observe the resistance at ATH.
However, I remain bearish on 2026 because, from a macro perspective, since January 2025, liquidity relative to price momentum has been weakening. We are currently in the final stage of a hot zone, where momentum lacks sufficient liquidity support. If in the coming months a large influx of spot (long-term) liquidity breaks the downtrend, my view will change. It is worth noting that a bear market has not yet been confirmed, and confirmation would manifest as continued outflow of Bitcoin funds (a lagging indicator of cycle top).”
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