Summary
- Willy Woo said the recent Bitcoin liquidity indicator has begun to show signs of recovery.
- He projected that if this liquidity recovery continues, Bitcoin's price would turn upward in about two weeks.
- Currently, Bitcoin is trading at $102,877.40, up 1.71% from the previous day.
On the 6th (local time), cryptoasset (cryptocurrency) analyst Willy Woo said on X, "The recent Bitcoin liquidity indicator (the leading signal indicated by the dotted line) has begun to show signs of recovery."
He went on to forecast, "If this liquidity recovery trend continues, Bitcoin's price will turn to an uptrend in about two weeks."
Meanwhile, Bitcoin is trading at $102,877.40, up 1.71% from the previous day, according to CoinMarketCap.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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