PakGazette – With analyst Willy Woo pointing to increasing capital inflows into the network, interest in price fluctuations and network dynamics is growing. Woo claims that as Bitcoin’s sideways trading quietly moves into stronger hands, an accumulation zone is being created. He says that if inflows continue in the coming days, this accumulation phase could lead to an all-time high.
The degree of network activity and investor interest is reflected in the capital inflow metric. There is a new surge in demand as these entries increase. If sustained, this demand could serve as a catalyst for Bitcoin to break through significant resistance levels and reach new highs. Bitcoin is still in an uptrend, as evidenced by the higher highs and higher lows of its price chart.
While support levels near $98,000 and $92,000 offer solid foundations, the break of the long-term descending trend line around $100,000 confirmed bullish momentum. An upward trajectory is reinforced by the 50- and 100-day moving averages. The psychological mark of $110,000 is one of the important short-term levels to pay attention to because it can serve as a springboard for additional gains.
Conditions may be created for a rally towards Bitcoin’s previous peak and beyond if it is able to overcome this resistance with strong volume. However, as the market may face additional challenges, caution is necessary. The uptrend may stop if capital inflows slow or current support levels are not maintained.
To avoid a deeper correction or a fall towards consolidation, Bitcoin needs to maintain its recent bullish structure. Bitcoin price action and fundamentals point to a bright future. With constant capital inflows, Woo’s analysis strengthens the case for a possible all-time high.
