Willie Wu predicts a new all-time high for bitcoin

A well-known blockchain market analyst, Willie Wu, said that bitcoin BTC $95,351.29 Bitcoin 1.74% Market capitalization $1.89 trillion VOL. 24 hours $1.5 billion has a chance to update its all-time high if the current level of capital inflows is maintained. He noted that investors should see price declines as healthy corrections and buying opportunities, not as signs of a market crash.

In his analytical publication on the X (formerly Twitter) platform, Wu explained that BTC’s fundamentals currently support an uptrend. In his opinion, general and speculative capital flows have recently bottomed out, which creates a favorable environment for further growth of the asset.

In addition, Wu drew attention to the deepening liquidity of bitcoin, which is reflected in the decrease in the risk indicator of his model. This indicates a return of stability to the market and a decrease in the likelihood of sharp price drops. He added that small declines are possible in the short term, which should be considered as investment opportunities.

According to Wu, bitcoin has already overcome the medium-term targets of $ 90,000 and $ 93,000, and the new intermediate target is $ 103,000. The long-term benchmark is to update the historical high of $ 108,000. These forecasts are based on sustained capital inflows, not just speculative spikes.

Despite the positive forecasts, the analyst warned against a possible slowdown in growth due to a significant deviation of Bitcoin’s price from the average, which could lead to a period of consolidation or gradual growth. Meanwhile, long-term investors continue to actively accumulate coins, which indicates that high confidence in the market remains.