On-chain analyst Willy Woo is signaling a possible cooldown in Bitcoin’s trend, suggesting the asset could be heading into a prolonged consolidation phase if it doesn’t reclaim strength soon.
In a recent update, Woo noted that Bitcoin is nearing a bearish divergence on the weekly timeframe—a setup where prices push higher, but momentum indicators like RSI begin to fade, hinting at exhaustion in the rally. He hinted that unless Bitcoin bounces by early next week, the market may drift sideways for an extended period.
Despite this short-term caution, Woo says Bitcoin’s broader fundamentals remain solid. Pullbacks, in his view, are simply the market catching up after an unusually rapid climb in previous months. Using proprietary insights from his firm, Bitcoin Vector, Woo emphasized that current resistance is technical in nature, not rooted in weakening network strength.
Looking ahead, Woo urged traders to move past expectations of neat four-year halving cycles. He believes Bitcoin’s price movements are now heavily influenced by global liquidity and macroeconomic shifts, not just internal supply shocks.
In his words, BTC has become a “macro asset”—a leading signal for shifts in global markets rather than a purely cyclical digital commodity.
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Robert Kiyosaki, author of Rich Dad Poor Dad, has raised alarm bells once again—this time warning that the financial system may already be in the early stages of a historic downturn.
On Monday alone, U.S.-listed spot BTC ETFs recorded more than $250 million in outflows—the third straight day of withdrawals—suggesting a shift in sentiment as investors reassess their exposure.
In an effort to broaden its investor base, the ARK 21Shares Bitcoin ETF (ARKB) will undergo a 3-for-1 stock split on June 16, making shares more affordable for everyday investors.