Analyst Willy Woo: Optimistic About Bitcoin's Performance in January-February, but Cautious About 2026

PANews reported on January 11 that crypto analyst Willy Woo expressed optimism about bitcoin's performance from late January to February, but is currently bearish on 2026.

Willy Woo stated: "The internal investor capital flow model predicts that bitcoin bottomed out on December 24, and has been steadily strengthening since then. Typically, it takes 2-3 weeks for this to be reflected in the price, and it can be said that this is happening now (just temporarily suppressed by short-term overbought technical indicators). Another positive factor is that fiat liquidity (futures market) is recovering after months of stagnation, similar to mid-2021, which contributed to the second top of the last cycle. Therefore, the resistance level at $98,000 - $100,000 needs to hold. If this resistance is broken, the next thing to watch is the resistance at the all-time high (ATH).

However, I remain bearish on 2026, because from a more macro perspective, since January 2025, liquidity relative to price momentum has been weakening. We are currently in the hotspot area of the final stage, where momentum lacks sufficient liquidity support. If a large amount of spot (i.e., long-term) liquidity flows in over the next few months and breaks the downward trend, my view will change. It is worth noting that a bear market has not yet been confirmed, and confirmation of a bear market will be characterized by sustained outflows of bitcoin capital (which is a lagging indicator of the cycle top)."