Bullish AF: Willy Woo Writes the Perfect Script for Bitcoin's All-Time High
Original Author: @woonomic, On-Chain Analyst
Translation: DeepL
Editor's Note: Bitcoin's fundamentals are strengthening, capital inflow is increasing, liquidity is recovering, and in the short term, it may trade sideways or experience a slow uptrend. However, a clear long-term bullish trend is evident, with pullbacks seen as buying opportunities, targeting prices of $103,000 and $108,000.
The following is the original content (lightly edited for better readability):
Bitcoin's fundamentals have turned bullish, setting a favorable stage for breaking past its all-time high.
Capital inflows into the network are accelerating.
Total flow and speculative flow have both bottomed out, and when these align, they create a bullish environment based on fundamentals.

Our risk model is now trending lower, indicating that market liquidity has recovered.
In this environment, downside pullbacks will be contained.

Strategically, our mid-term targets of $90,000 and $93,000 have been surpassed.
The target of $108,000 remains valid, with a new mid-term target of $103,000 emerging.

...However, in the short term, the on-chain VWAP (Volume Weighted Average Price) has reached +3 standard deviations, indicating that the momentum for a sustained breakout is hard to maintain due to overextension.
The current trend is consolidation, or in the most bullish scenario, a slow upward grind.

Summary:
If the trend of capital inflow persists, Bitcoin will be poised to retest its all-time high. This is a solid long-term setup.
In the current environment, all pullbacks are buying opportunities. A pullback in the short term is highly likely.
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