Bitcoin’s Bullish Fundamentals Could Send BTC Soaring Toward $108,000 – Here’s Why

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Willy Woo, the oracle of on-chain analysis, has dropped a bombshell: Bitcoin (BTC) is on the verge of reclaiming its all-time highs, provided the current flood of capital keeps pouring in like it’s the final day of a sale at a Black Friday store. 🤑

Apparently, dips in Bitcoin’s price should not be seen as the market crashing but rather as golden buying opportunities. Just like how every “bargain” in a store is never actually a bargain, this is the crypto equivalent. 👀

Is Bitcoin Really Going to Hit $108,000? Oh, Absolutely (Maybe…)

Woo took to X (formerly known as Twitter, because we all needed one more confusing rebrand) to lay out his thoughts. He’s convinced that Bitcoin’s fundamentals are looking positively bullish, like a cow on steroids. 🐄💪

He points out that capital inflows into Bitcoin are on the up and up, with both total and speculative flows finally hitting rock bottom. These inflows align perfectly, creating the ideal conditions for Bitcoin to break through the sky-high levels we all dream about (or at least have a strong emotional attachment to). 🚀

“BTC fundamentals have turned bullish, not a bad setup to break all-time highs,” Woo confidently states, which is basically the financial equivalent of telling you to stop doubting and start believing. 🙌

Woo also mentions that Bitcoin’s liquidity is deeper than a 2 AM philosophy debate. His Risk Model is trending downward, which suggests the market’s liquidity is finally coming back. Translation: future price dips might be smaller and less dramatic than a reality TV show breakup. 🙃

“All dips are for buying under the present regime. In the very short term, there’s good chances of dips,” Woo confidently declares. This could be your chance to ‘buy the dip’ like a seasoned crypto guru. 💸

Woo goes on to say that Bitcoin has already hit some sweet medium-term price targets of $90,000 and $93,000. It’s even formed a shiny new target at $103,000. Who knew Bitcoin could aim so high? It’s like setting a goal to run a marathon… and then deciding to run an ultra marathon instead. 🏃‍♂️💨

According to Woo, these targets aren’t just pie-in-the-sky dreams but are supported by ongoing capital inflows. We’re talking real, sustained momentum here, not just a sugar rush from speculative trading. 🏅

But wait! Don’t pop the champagne yet. Woo also warns that the short-term might throw a few curveballs. Bitcoin’s on-chain Volume Weighted Average Price (VWAP) is currently sitting at +3 standard deviations, which, for those not fluent in financial jargon, basically means that Bitcoin is living its best life, but it might be stretching things a bit. 🏀

“It’ll be hard to move upwards with decent momentum due to overextension,” Woo warns. So, while Bitcoin might not shoot to the moon overnight, it’s not about to start plummeting into the abyss either. 😬

Woo predicts that in the short-term, Bitcoin’s upward momentum might be more like a slow waltz than a sprint. It’s not a crash, just a gradual, steady increase that won’t make you break into a sweat (unless you’re holding Bitcoin and waiting for it to hit $108,000). 💃

In a previous article, BeInCrypto pointed out three signs that Bitcoin is in recovery mode. In April, Bitcoin reestablished its inverse relationship with the falling US Dollar Index (DXY), and it also disconnected from the NASDAQ like that one friend who always “does their own thing.” 💁‍♂️

Additionally, long-term investors are hoarding Bitcoin like it’s the last cookie in the jar. All these signals point to growing confidence in the market, and it might just be the prelude to a massive Bitcoin rally. 🍪📈

And if that wasn’t enough to convince you, here’s a cherry on top: Bitcoin’s price has bounced up 7.7% in the past week. It’s currently sitting pretty at $94,125, although it took a tiny tumble of 0.07% over the past day. Classic Bitcoin. 📉

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2025-04-28 08:05