Legendary Chinese Analyst Issues Warning About Bitcoin (BTC) Price – Predicts Where It Could Fall

On-chain analyst Willy Woo has detailed the recent Bitcoin market situation and the impact of macroeconomic factors on the ￰0￱ pointed out that a liquidity crisis is approaching and the selling pressure from whales is ￰1￱ to Woo, Bitcoin's structural fundamentals are weakening in the current bull ￰2￱ notes that while prices are rising, the liquidity that has fueled the market for the past six months is ￰3￱ describes this as a phenomenon he also observed during the 2017 ￰4￱ notes that Bitcoin's recent peak of $120,000, unlike previous all-time highs, was not supported by a higher inflow of investor capital, which could be called a “bear divergence.” Woo said in a report that whales have sold 115,000 to 120,000 Bitcoins in the last month or two, indicating that even long-term investors are trying to ￰5￱ is seen as a “harbinger of a liquidity crisis” because it's the asset most sensitive to global ￰6￱ believes the Fed's four-year liquidity cycle could be affected by election ￰7￱ expects a macroeconomic downturn in the coming period and predicts that Bitcoin will be affected by this situation due to its high sensitivity to ￰8￱ argues that prices could fall below $40,000, but timing the bottom is more reliable than timing the ￰9￱ analyst argued that the altcoin market isn't performing as well as in previous ￰10￱ suggested this could be due to investors being presented with alternative investment avenues, such as publicly traded companies and companies that have added Bitcoin to their balance ￰11￱ suggests that whales may be investing in these companies by selling their ￰12￱ believes the entry of large investors like BlackRock into this space is a positive development for the asset ￰13￱ News: This Altcoin Is Under Another Major Attack Again - Warning Issued to Owners Tether's growth has made it a significant buyer of short-term US Treasury bonds.

This, analysts say, creates a situation where the US government becomes dependent on Bitcoin's growth to find buyers for its ￰14￱ are also seen as an important tool for financial freedom for people in countries with unstable ￰15￱ Woo doesn't offer a specific price target for Bitcoin, he predicts it could reach the market capitalization of the global bond market or global GDP in the future, rising to a range of $10 trillion to $100 trillion. However, he notes that this journey will be a volatile one that could take a decade or more. *This is not investment ￰16￱ Reading: Legendary Chinese Analyst Issues Warning About Bitcoin (BTC) Price – Predicts Where It Could Fall