Bitcoin Targets $108K as Capital Inflows Fuel Rally – Willy Woo Sees Bullish Surge Ahead

Bitcoin’s price trajectory just got a turbocharge. On-chain analyst Willy Woo points to surging capital inflows as the catalyst pushing BTC toward a potential $108,000 breakout—because apparently, traditional markets weren’t volatile enough this year.

Data shows whales accumulating while retail FOMO simmers. The network’s fundamentals now mirror pre-bull-run patterns from previous cycles. Cue the ’this time it’s different’ chorus from crypto Twitter.

Meanwhile, Wall Street still can’t decide if Bitcoin’s a inflation hedge, tech stock, or existential threat to their 2-and-20 fee model. Either way, the orange coin keeps printing.

Dips in Bitcoin are the golden opportunities to stack more

Despite the bullish medium-term outlook, there’s a bit of caution in the air. 

According to Woo, Bitcoin’s on-chain VWAP (Volume Weighted Average Price) has pushed into +3 standard deviations. This means the price might be a tad bit overextended right now. 

For those not familiar, VWAP is Bitcoin’s “average price,” but it also takes into account how much trading volume is behind each price move. So, when the price pushes too far away from this average, it can mean that the market might be overbought or oversold. 

Source: X

In other words, while we might see some sideways action – or in the best-case scenario, a slow and steady grind upwards – don’t expect fireworks just yet. 

For his part, WOO is bracing for a few dips as the market cools off.

However, he’s still all about buying those dips. In his view, this is just a temporary cool-down before the next big push up, and the long-term outlook is as bullish as ever.

Market forces back Woo’s bullish vision

The big takeaway from Willy Woo’s analysis? Bitcoin may be gearing up for a fresh shot at smashing all-time highs.

Woo also highlighted that if things keep playing out as expected, a breakout around $96k could be right around the corner. 

Additionally, as evidenced by the attached chart, both total capital and speculative flows hit their bottoms and are now heading north.

Source: X

According to AMBCrypto, when this Flow picks up, it would underline a growing confidence in Bitcoin’s long-term value. On the other hand, speculative flows are typically more driven by traders looking for short-term gains. 

When both types of flows bottom out and start heading upwards, it signals a healthy, balanced market ready for sustained growth. 

And it gets even better! At press time, overall market sentiment was still in the “greed” phase, but it hadn’t quite hit “extreme greed” yet. This suggested that there’s still plenty of room for Bitcoin to keep climbing, without running into an immediate top.

With such a bullish backdrop, all dips remain prime buying opportunities. Hence, the $108k target will be almost inevitable.