Analyst Willy Woo is bullish on Bitcoin's short-term performance but bearish on its full year 2026 trend

Crypto analyst Willy Woo posted on X platform that the market for Bitcoin has steadily strengthened since hitting bottom at the end of December last year, and it is expected that the price may challenge the $98000 to $100000 range from late January to February. After breaking through, it is necessary to observe the resistance performance at the historical high point. He pointed out that the liquidity of derivatives in the futures market is returning, similar to the situation in mid-2021. But from a macro perspective, since January 2025, the liquidity flow has weakened relative to price momentum, and he is bearish on the overall trend of 2026 unless the influx of spot liquidity in the coming months breaks the downward trend. The bear market has not been confirmed yet, and its sign is an increase in negative capital outflows from Bitcoin.