How High Can Bitcoin Go Before A Top? Analyst Chimes In
Summary
Analyst Willy Woo discussed the Bitcoin Macro Oscillator (BMO), combining four metrics to show the cryptocurrency's historical price tops. The current BMO peak of 1.2 suggests more room for the rally to continue, with potential for 2-3 more levels before reaching a macro top. Additionally, net capital flows into Bitcoin have reversed the trend, indicating fresh demand and potential bullish movement. Despite a surge above $70,500, Bitcoin is currently trading around $67,800.
