Crypto analyst Willy Woo has presented an analysis indicating that Bitcoin is currently in the late phase of its bull market cycle. According to Woo, the asset’s liquidity risk model supports this assessment, suggesting there is still potential for further price appreciation.
Despite the ongoing upward momentum, Woo cautions that the market is approaching a critical turning point. He anticipates a transition from the current bull market to a bear market phase in the future.
This shift, Woo argues, is expected to coincide with broader changes in the global macroeconomic environment. The analyst emphasizes that external economic factors will play a significant role in triggering the market cycle transition.
Consequently, Woo advises investors to closely monitor key macroeconomic indicators. These indicators, he suggests, could provide crucial signals for impending shifts in Bitcoin’s market trajectory as the cycle progresses.