Bitcoin Price Trend Above $100,000: The Good News and the Bad News

Bitcoin is currently above $100,000, trading at about $103,700. Analyst Willy Woo indicates a strong long-term risk signal but warns of short-term weakness, advising caution. If buying pressure increases, Bitcoin may surge beyond $114,000; otherwise, another consolidation period could emerge.

Bitcoin is currently holding above the psychological $100,000 mark, trading at approximately $103,700. Despite recent heavy sell-offs, signs of exhaustion have begun to emerge, particularly over the last two days. While long-term indicators hint at bullish momentum, short-term models are showing signs of weakness, notably as Bitcoin nears the critical support level around $100,000.

Crypto analyst Willy Woo has shared both good and bad news regarding Bitcoin’s recent price movements. On the good side, he points to a significant long-term indicator, the Bitcoin Risk Signal, which has started trending downwards. This drop suggests that buy-side liquidity is currently strong, which could lead to a robust upward movement in the long run. Lower risk readings typically indicate a safer environment for accumulating Bitcoin, and Woo believes the momentum is still favouring the bulls for now.

According to the latest information, the local risk model is now mid-range, having retreated from its peak levels in early 2025. Woo suggests that an impending surge could push Bitcoin above $114,000 and lead to liquidations of short positions. This could trigger a significant rally, should conditions remain favourable.

However, it’s not all sunshine and rainbows. The short-term outlook is considerably less optimistic. Indicators like the Speculation and Spent Output Profit Ratio (SOPR) are raising flags. Woo has observed that the solid rally from $75,000 to $112,000 seems to be losing steam, particularly with minimal capital inflow in the last three days. A crucial time lies ahead for Bitcoin’s price action this week.

He warned that without solid momentum, Bitcoin may enter another consolidation phase. “If we do not see follow-through, we could be setting ourselves up for a bearish pivot,” Woo stated. This week, especially with U.S. markets reopening after a long weekend, the buying activity will be critical. Should buying pressure fail to intensify, more consolidation might be on the horizon.

In summary, there’s a fine line between bullish and bearish for Bitcoin at the moment. If the buying pressure picks up speed, it might break past $114,000 and aim for the major liquidity zone between $118,000 and $120,000. On the flip side, any failure to push higher could solidify bearish trends and lead to further consolidation. Presently, Bitcoin’s price is clocking in at $103,700, reflecting a decrease of 1.5% over the past 24 hours and a 3.9% drop over the past week.