Bitcoin, the first and largest cryptocurrency by market capitalization, has recently surpassed $95,000 as the market has regained its major levels. Bitcoin rose above $90,000 for the first time since early March, reaching $95,976 on April 25th at a seven-day rally.
According to Crypto analyst Willy Woo, the foundations of BTC have become bullish amid the recent rise. Woo said in a recent tweet that capital is flowing through the network, but total and speculative flows are at a bottom. Analysts showed that when both adjust, they combine to create a bullish environment based on solid fundamentals.
BTC's fundamentals have changed in a strong way.
I took a break from X to enjoy the NZ summer, but each week I gave a series of analysis to subscribers (this is a hobby, not a long-term project).
I thought I'd published this update and posted it.
– Willie Woo (@woonomic) April 27, 2025
Woo also said that the risk model metrics are beginning to go backwards, implying that liquidity may be returning to the market. In this environment, it is expected that the negative side pullback will be muted.
The medium-term targets are tactically drawn with $90,000 and $93,000, but Woo said the $108,000 target exists with the new interim target of $103,000.
Potential scenarios
Woo is forecasting a Bitcoin $108,000 target, but he cited the short-term BTC indicator to highlight the possibility of lateral action or slow grinding in the coming days.
WOO observes that the short-term on-chain VWAP indicator is at +3 standard deviation, meaning that it may be difficult to move upward with decent momentum due to overextension. Analysts added that sideways, or, in the most bullish case, a slow grind upwards, could be “the order of the day.”
At the time of writing, Bitcoin has dropped by 0.48% to $94,191 over the past 24 hours.
Despite current profits, Wu predicted that if capital flow trends continue, BTC could possibly be poised to the highest ever. However, this is a robust long-term setup. Bitcoin hit its current high of $109,114 in January. In the very short term, “there are opportunities for dipping,” Wu said.
