Analyst Says $71,000 Bitcoin Move Is Only Halfway Through, Here’s Why
Summary
Bitcoin analyst Willy Woo suggests that the current Bitcoin surge may be halfway done based on the VWAP Oscillator, which measures the average price of Bitcoin using on-chain volume data. The indicator has returned to a neutral mark after a recovery rally, indicating potential halfway completion. Woo also shared a "risk signal" for Bitcoin, suggesting that the asset may be entering a phase where risk drives up as price reacts to capital inflows. Bitcoin's price had recovered above $71,000 but has since seen a pullback to below $70,000.
