Bitcoin analyst Willy Woo stated that investors’ selling pressure has been exhausted, indicating that BTC price could enter a one-month sideways consolidation or rebound to the mid-70,000 dollar level, but is likely to be rejected. BTC has been trading in the 60,000-70,000 dollar range for the last three weeks. Current price at 67,770 dollars, with a 24-hour change of -0.91% showing a slight decline. RSI 42.25 indicates that oversold pressure is easing, but the downtrend and bearish Supertrend continue. EMA 20: 69,064 dollars.
Bitcoin Flow Model suggests selling pressure has eased. Source: Willy Woo
Critical Support and Resistance Levels for BTC
- Supports: S1: 67.555$ (medium, -0.32% distance, Pivot/MACD based) | S2: 62.869$ (medium, -7.23%, POC/Keltner)
- Resistances: R1: 68.866$ (strong, +1.61%, Swing High/Fibo) | R2: 78.917$ (strong, +16.44%, SMA50)
Bitwise CIO Matt Hougan argued that the BTC decline stemmed from long position liquidations, selling pressure has ended, and new records are coming. Bitrue leader Andri Fauzan Adziima confirmed weekly RSI oversold conditions, while CoinEx’s Jeff Ko noted that aggressive selling has decreased and predicted 3-6 months of consolidation. According to Woo, the Q4 bear trend is ending, and a bull run could return in 2027 Q1/Q2.
BTC Breaking News: Positive Signals
BTC PERP rose 8.40% from the 62,401$ bottom, turning the weekly candle positive. GD Culture Group (GDC) announced it will use its 7,500 BTC reserve for share buybacks. The UAE’s second-largest bank with 272 billion$ in assets signaled a crypto move. Even as market spot/futures liquidity worsens, recovery hopes are increasing. For a detailed review, visit our BTC detailed analysis and BTC futures trading pages.
Frequently Asked Questions About BTC
- Has BTC selling pressure really ended? According to Willy Woo, yes, the Flow Model shows easing.
- Will BTC surpass 70,000$? A medium-term rebound is possible but rejection is likely, with consolidation expected.
- Is BTC at the bottom? Analysts predict bottom formation and new highs.
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Source: https://en.coinotag.com/willy-woo-has-btc-selling-pressure-depleted
