Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Earn
Launch
CandyDrop
tag
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi
WCTC S8
Rewards

Bitcoin's Next Critical Test at $79K, Next 3-6 Weeks Will Determine Bottom Formation: Analyst Willy Woo

GateNews
bitcoin newsMarket AnalysisPrice Prediction
BTC-2.7%

Gate News message, April 28 — Crypto analyst Willy Woo shared on X that Bitcoin’s next critical test is whether it can effectively break through the recent cost basis of investors at approximately $79,000. Woo estimates the probability of a successful breakout at around 30%. If Bitcoin holds above $65,000, the probability of forming a structural bottom will significantly increase.

Woo noted that Bitcoin is currently attempting to form a bottom, but all conditions are not yet in place. The next 3 to 6 weeks will be key for determining whether a bottom formation occurs.

View Source
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related News

04-28 00:44
Bitcoin Whale's 397.7 BTC Long Position Down $178K as BTC Dips Below $77K
04-28 00:28
Bitcoin Rises to $80K Amid Declining Trading Volume and Negative Funding Rates
04-27 19:21
Crypto Market Pullback Across Sectors as BTC Breaks Below $78K; NFT Sector Gains 2.29%
04-27 17:31
Bitcoin Fills CME Gap at $78,690; Analyst Identifies $67K and $84K as Critical Levels
04-27 14:03
Bitcoin Liquidation Levels: $25.04B Short Squeeze at $80,996, $13.38B Long Squeeze at $73,463
In-Depth Analysis

Bitcoin Fork Controversy: eCash Plan Targets Satoshi’s Hidden Holdings

CryptoMeter io04-27 13:40

Bitcoin Could Hit $150K–$160K by Late 2026: Van de Poppe Analysis

Crypto Frontier04-27 11:51

Latest Bitcoin Weekly Report Shines Light on Bullish Short Phase Ahead, Can BTC Break $90,000?

Crypto News Land04-27 09:51
Comment
0/400
No comments