Analyst Says “Only A Matter Of Time” Before Bitcoin Flies Past ATH
Summary
Bitcoin's availability for trading has decreased during its consolidation phase, with spot and paper BTC reserves declining to 2.3 million. The decrease in exchange inventory suggests a potential bullish sign for the cryptocurrency. Analyst Willy Woo believes it's a matter of time before Bitcoin surpasses all-time highs. Capital inflows into Bitcoin have started to pick up again after a steep drop, with network inflows and spot ETF inflows making a comeback. Despite slipping below $68,000, Bitcoin may be in a good position to set new all-time highs.
