Bitcoin Analyst Willy Woo Optimistic About Future Price Surge

Renowned on-chain analyst Willy Woo has shared his bullish outlook on Bitcoin (BTC) with his 1.1 million followers on the social media platform X. He predicts that Bitcoin will experience a breakout before October of this year.

According to Woo, the upcoming Bitcoin rally in 2025 will be extraordinary and one to be remembered. He believes that this rally will be driven by a surge in global liquidity, which typically benefits risk assets.

Woo describes this surge in global liquidity as a “bullish ascending triangle”. An ascending triangle is a pattern that forms when a horizontal resistance level is repeatedly tested while higher lows are consistently formed. A bullish ascending triangle is confirmed when the price breaks above the horizontal resistance.

In response to a post by the pseudonymous quant analyst PlanB, who highlights the significant price appreciation of Bitcoin following the halving event, Woo explains that the Bitcoin halving triggers a reorganization among BTC miners, leaving only the most efficient ones to survive. The most recent Bitcoin halving occurred on April 19th.

According to PlanB, Bitcoin miner revenue historically recovers within two to five months after a halving, and this is typically followed by a significant increase in the Bitcoin price.

Currently, Bitcoin is trading at $62,373, which is approximately 15% below its all-time high reached in March.

As always, it is important for investors to conduct their own research and due diligence before making any high-risk investments in Bitcoin or other cryptocurrencies. The Daily Hodl does not provide investment advice and encourages readers to exercise caution when trading digital assets.

Source: Willy Woo/X, PlanB/X