Bitcoin Chart Looks ‘Bearish,’ But ‘Risk Is Dropping Behind the Scenes,’ Says Popular Analyst

Cryptocurrency analyst Willy Woo suggested on Saturday that Bitcoin’s (CRYPTO: BTC) underlying bullish structure is strong despite its bearish chart appearance.

Analyst Optimistic Despite Bearish-Looking Chart

Woo took to X to share their analysis of Bitcoin’s current market situation.

“BTC’s chart looks bearish, but behind the scenes, risk is dropping. i.e. Investor Liquidity Is Strong,” Woo stated.

They added that the underlying bullish structure, though fragile in recent months, remains “intact” and locally strong.

BTC Remains …

Full story available on Benzinga.com