Willy Woo: Optimistic about Bitcoin's performance in January-February, but cautious about 2026

Cryptocurrency analyst Willy Woo posted that he is optimistic about Bitcoin's performance from late January to February, but currently bearish on 2026.

Willy Woo stated: "The internal investor fund flow model predicts that Bitcoin bottomed on December 24 and has been steadily strengthening since then. Typically, it takes 2-3 weeks for this to reflect in the price, and one could say that this is happening now (though it is suppressed by short-term overbought technical indicators). Another positive factor is that cash liquidity (in the futures market) is recovering after months of stagnation, similar to mid-2021, which facilitated the second peak of the last cycle. Therefore, the resistance level of $98,000 - $100,000 needs to be held. If this resistance level is broken, the next thing to watch is the resistance at ATH.

However, I remain bearish on 2026 because, from a more macro perspective, liquidity has been weakening relative to price momentum since January 2025. We are currently in the hotspot area of the final stage, where momentum lacks sufficient liquidity support. My view would change only if a significant amount of spot (i.e., long-term) liquidity flows in over the next few months, breaking the downtrend. It is worth noting that a bear market has not yet been confirmed, and confirmation of a bear market would manifest as sustained outflows of Bitcoin funds (which is a lagging indicator of the cycle peak)."