On-chain analyst Willy Woo is expressing bullish sentiment about Bitcoin (BTC<\/a>) for the upcoming months.<\/span><\/p>\n Woo <\/span>tells<\/a> his 1.1 million followers on the social media platform X that he expects Bitcoin to break out before October this year.<\/span><\/p>\n According to Woo the ensuing Bitcoin rally in 2025 will be \u201cone for the record books\u201d. The on-chain analyst says that the rally will be driven by an increase in global liquidity, which typically favors risk assets.<\/p>\n \u201cGlobal liquidity forming a bullish ascending triangle.\u201d<\/i><\/p>\n An ascending triangle typically forms when an area of horizontal resistance is continually tested while higher lows are consecutively being formed. A bullish ascending triangle is confirmed when a breakout above the horizontal resistance occurs.<\/p>\n In response to a post by the pseudonymous quant analyst PlanB that the price of Bitcoin appreciates drastically between two to five months following the halving, Woo says<\/a> that the four-year event triggers a reorganization among BTC miners leaving only the fittest to survive. The fourth Bitcoin halving took place on April 19th.<\/p>\n \u201cInefficient miners get culled at the halving.<\/i><\/p>\n They dump their BTC before dying. <\/i><\/p>\n Only the strong ones survive.<\/i><\/p>\n They operate on fatter margins so don\u2019t need to sell.<\/i><\/p>\n Miner sell pressure gone.<\/i><\/p>\n Takes two to five months for the new supply\/demand to reflect in price.\u201d<\/i><\/p>\n According to PlanB<\/a>,<\/p>\n \u201cHistorically, Bitcoin miner revenue recovers two to five months after a halving, and after that Bitcoin price goes vertical.\u201d<\/i><\/p>\n Bitcoin is trading at $62,373 at time of writing, about 15% below the all-time high reached in March.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" On-chain analyst Willy Woo is expressing bullish sentiment about Bitcoin (BTC) for the upcoming months. Woo tells his 1.1 million followers on the social media platform X that he expects Bitcoin to break out before October this year. According to Woo the ensuing Bitcoin rally in 2025 will be \u201cone for the record books\u201d. The […]<\/p>\n","protected":false},"author":2,"featured_media":303097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-303096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/303096","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=303096"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/303096\/revisions"}],"predecessor-version":[{"id":303099,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/303096\/revisions\/303099"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/303097"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=303096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=303096"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=303096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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