Bitcoin May Enter Early Bull Market
On-chain analyst Willy Woo believes Bitcoin may have already formed a market bottom and entered the early stage of a new bull market. In a September 24 post, Woo gave a 90% probability that the bottom is already in, pointing to improving liquidity conditions and renewed capital flows from long-term investors. He also argues that traditional four-year Bitcoin cycles are becoming less reliable, making it difficult to estimate how long a potential advance could last. At the time of ZyCrypto’s publication, BTC was trading around $84,752, up 1.86% over 24 hours. For crypto exchange users, such market momentum can quickly affect BTC conversion rates and liquidity. Track the latest Bitcoin price and exchange conditions on xbit.money.