Introduction
Bitcoin [BTC] price is on the move again, having broken past critical resistance zones at $90,000 and $93,000. With momentum picking up, top analysts like Willy Woo are forecasting even more upside, placing a short-term target at $103,000 and eyeing a long-term peak around $108,000. The recent surge has sparked renewed interest across the board—but not without a note of caution.
According to Woo, while the price action is clearly bullish, investors should brace for potential short-term dips. These aren’t red flags—they’re buy-the-dip signals, especially in a market that still has room to grow before reaching euphoric levels.
VWAP Flags Overextension, But Dips Remain Strategic Buys
One of Woo’s key insights comes from the on-chain VWAP (Volume Weighted Average Price) indicator, which now sits three standard deviations above the norm. This suggests Bitcoin may be temporarily overextended. For context, VWAP reflects the average price of Bitcoin, weighted by trading volume—when prices move too far above it, a cooldown often follows.
That doesn’t mean the bull run is over. Instead, Woo sees this as a healthy pause in the rally, allowing the market to breathe before launching the next leg higher. The expected dips? Not setbacks, but opportunities. In Woo’s words, this is the perfect time to accumulate—not hesitate.
Capital Inflows and Speculative Activity Confirm Strength
Backing Woo’s bullish case is the recovery in capital flows. Both long-term investor capital and short-term speculative inflows have reversed course, rebounding from their recent lows. This dual uptick is often a reliable indicator of a market ready to climb, as it reflects confidence from both long-term holders and active traders.
The attached charts show that speculative traders are returning, but without crowding the space with excessive greed. Market sentiment remains solidly in the “greed” phase, though it hasn’t yet tipped into the dangerous “extreme greed” zone—another sign that there’s room to grow.
$96K Could Be the Next Bitcoin Breakout Before the Real Push
Woo believes that if Bitcoin holds its current trajectory, a breakout around $96,000 may be just around the corner. That level, once cleared, could open the floodgates for the market to test the long-awaited $100K zone—and beyond. The stars appear to be aligning, with both technical and sentiment indicators suggesting Bitcoin’s rally has more fuel in the tank.
The real story isn’t just about price levels—it’s about behavior. As long as traders keep taking dips as entry points, and institutional money continues to flow in, Bitcoin’s path to $108,000 becomes more plausible by the day.
Conclusion: Short-Term Pullbacks, Long-Term Ascent For Bitcoin
The message from the charts and sentiment gauges is clear: Bitcoin’s recent breakout isn’t a fluke—it’s part of a larger, long-term climb. While a few minor corrections may cool things off in the short term, the bigger picture remains distinctly bullish.
With capital inflows recovering, market sentiment still below overheated levels, and strong support from both traders and long-term holders, Bitcoin looks primed for another run. If momentum holds, Woo’s $108K target might not be just a prediction—it could be the next reality.
