Willy Woo signals end of BTC bear market and predicts years of sideways trading
On-chain analyst Willy Woo identified key signs marking the end of Bitcoin’s bear cycle. He explained that the final phase involves price breaking below the cost basis of recent investors, shifting from "hopium" sentiment to aggressive buying, and an increase in the average entry price — all signaling a trend reversal.
Source Incrypted
Willy Woo forecasts a prolonged sideways market lasting 8 to 12 years, with prices fluctuating in the five- and six-figure ranges, indicating market stability and limited volatility in the near future.
Among the risks he highlights is the advancement of quantum computing, posing a potential threat to Bitcoin’s network security. Woo estimates around 5 to 10 years for the network to adapt to these challenges.
Once this hurdle is overcome, Woo anticipates a new major growth phase — potentially a "divine candle" surge pushing Bitcoin’s price into seven-figure territory within 12 to 16 years.
Woo’s long-term outlook provides investors with insights to anticipate market trends, prepare for an extended period of sideways trading, and evaluate the digital currency’s growth potential.
The coming years could prove crucial in determining whether Bitcoin’s network can successfully adapt to technological threats and initiate the next growth cycle.
