Home > Quick > Body

Analyst Willy Woo: Bitcoin may face a bearish turn

clock
2025-05-27 09:47:02
According to a tweet by cryptocurrency analyst Willy Woo, while the overall trend for bitcoin remains bullish, there are potential bearish signals in the market. During bitcoin's rise from $75,000 to $112,000, capital inflows have been unusually flat for the past three days, speculative sentiment has been overheated, and investors have plenty of room to profit.
Woo pointed out that if buying continues this week, bitcoin prices could challenge $114,000 and liquidate short positions; but if new highs are not made in the short term, the long-term chart could form a bearish divergence, at which point the market will need to experience another round of profit-taking.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.