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.
In a fresh move to bolster its Bitcoin war chest, Strategy is rolling out a new fundraising vehicle—Stride preferred shares—targeting up to $1 billion in capital.
Metaplanet is aggressively expanding its Bitcoin holdings through an unconventional $5.4 billion capital raise, positioning itself as a leading BTC proxy in Asia.
BlueBird Mining Ventures, a London-listed firm traditionally focused on gold, is making headlines after announcing it will liquidate its gold reserves and begin accumulating Bitcoin as a treasury asset.
Bitcoin tumbled sharply today, shedding more than 3.5% in a matter of hours and briefly flirting with the critical $100,000 level.