Cryptocurrency expert Willy Woo predicts a potential surge past all-time highs for Bitcoin, as influxes of capital into the digital asset intensify.
In a recent social media post, veteran Bitcoin analyst Willy Woo indicates that the flagship cryptocurrency is on the brink of breaking new highs, driven by a surge of capital inflows. Addressing his 1.1 million followers on X, Woo suggests that the current market structure for Bitcoin (BTC) is favorable for breaking its all-time high.
The structural flip in Bitcoin's demand dynamics displayed in late April 2025 has contributed to the strong market setup for a potential surge, Woo notes. Sustained bullish momentum and a market sentiment biased towards exceeding the January 2025 peak by the end of May 2025 further support the analysis.
Gains over the past month and week combined with recent price action (up by 24% and 5%, respectively) indicate a strong trend of buying interest and optimism in the market. Bitcoin has managed to hold above the $100,000 mark since early May, demonstrating robust market support at these levels.
Woo cautions, however, that the short-term outlook might see more sideways price action before Bitcoin gains enough momentum for a sustained rally. On-chain indicators currently show high volume-weighted average prices (VWAP), which could make a quick move upwards challenging due to overextension in the market.
Looking ahead, Woo remains bullish on Bitcoin's long-term prospects, advocating for buying opportunities under the current market conditions. Despite potential near-term dips, Woo sees a solid setup for another break of Bitcoin's all-time high, with new records potentially reaching around $118,000.
At the time of publication, Bitcoin is trading at $93,768, marking an 11% increase over the past seven days. The Daily Hodl invites its readers to stay updated by following the publication on Twitter, Facebook, and Telegram, or by subscribing to email alerts.
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The veteran Bitcoin analyst Willy Woo's analysis suggests a potential surge in Bitcoin's price, as the flagship cryptocurrency shows signs of breaking its all-time high, thanks to a favorable market structure and sustained bullish momentum. Despite the short-term outlook indicating possible sideways price action, Woo remains optimistic about Bitcoin's long-term prospects and sees a solid setup for another break of Bitcoin's all-time high, with the potential for new records around $118,000. Furthermore, altcoins could also benefit from such a market environment, as investors seek new opportunities within the cryptocurrency market.
