Capital Inflows Become Positive for Bitcoin as Analysts Set Sights on $100K+
On April 27, technical analyst Willy Woo indicated a shift towards bullish sentiment around Bitcoin, suggesting the potential for surpassing all-time highs.
He mentioned that the flow of capital into the network is gaining momentum, and shared data reflecting an increase in 30-day total flows alongside a decrease in 30-day speculative flows.
“Both total and speculative flows have reached their lows. When they converge, it creates a favorable environment rooted in solid fundamentals.”
Positive Bitcoin Technical Indicators
Woo observed that their risk signal model has begun to trend downwards, signaling that liquidity has returned to the market. He noted, “In this situation, any downward corrections are likely to be modest.”
Bitcoin fundamentals are optimistic, creating a favorable setup for breaking previous records.
I took some time off to enjoy the summer in New Zealand but continue to provide weekly insights to my subscribers (this is a personal interest, not a long-term commitment).
Decided to share this update publicly.
— Willy Woo (@woonomic) April 27, 2025
As targets of $90,000 and $93,000 have been achieved, Woo mentioned that the $108,000 goal remains feasible along with a new interim target at $103,000. Yet, he predicts that short-term movements will likely consist of sideways trading or a gradual upward trend.
He advised that the current environment favors buyers for any dips, which may occur shortly, and concluded:
“If the capital flow trend continues, Bitcoin is positioning for another breakout to surpass all-time highs. It’s a compelling long-term scenario.”
Analyst Rekt Capital pointed out that Bitcoin needs to close above $93,500 weekly to initiate a recovery towards the previous range.
After dipping below $93,000 on Monday morning, the asset recovered to reach $94,000 as of the latest update, making such a move seem plausible.
Is Bitcoin capable of achieving this?
Will Bitcoin weekly close above $93,500 to kickstart the process of returning to its former range? $BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) April 27, 2025
Additionally, Julio Moreno, head of research at CryptoQuant, noted that the “Bull Score Index” is currently at 60, propelled by Bitcoin demand and the resurgence of stablecoin liquidity.
BTC Surpassing Short-Term Holder Price
The recent positive weekly close has propelled Bitcoin above the short-term holder price for the first time since early March, according to Galaxy Research.
When Bitcoin trades above this price, it indicates that recent purchasers are seeing profits. “This diminishes the chances of capitulation and bolsters on-chain support for further increases,” they explained.
Bitcoin’s price surged over 10% this week, starting from $85,177 at the weekly opening to $93,946 as of the close on April 24.
This rise has pushed BTC above the short-term holder price for the first time since early March.
Importance of this movement
— Galaxy (@galaxyhq) April 27, 2025
On-chain metrics imply a more secure position with an increased number of BTC holders in profit and less motivation to sell during downturns, according to researchers.
As of the latest information, BTC was trading just above $94,000 and had maintained this level for the previous five days.
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