Bitcoin Enters Late Bull Market Stage with Potential for Further Growth, Says Analyst Willy Woo

Bitcoin’s liquidity risk model suggests the cryptocurrency is currently in the late phase of the bull market, according to insights shared by crypto analyst Willy Woo on June 17. This model, which assesses the decline in Bitcoin liquidity, indicates that while upward price momentum remains, the market is approaching a critical turning point. Woo emphasized that despite the bullish trend, there remains potential for further price appreciation before a significant shift occurs. The transition to a bear market is anticipated to coincide with changes in the broader global macroeconomic environment, highlighting the interconnectedness of Bitcoin’s price dynamics with worldwide financial conditions. Investors should monitor macroeconomic indicators closely as they could serve as precursors to market sentiment shifts, impacting Bitcoin’s trajectory in the near term.