Bitcoin Consolidation Opens the Door to New Highs, According to Analyst

Cryptocurrency analyst Willy Woo spoke about the current situation of Bitcoin (BTC).

Willy Woo included his analysis of Bitcoin in his X post dated March 28. Stating that the price has been consolidated for about two and a half months, the analyst stated that this data is very positive.

He stated that Bitcoin has opened a wide playing field for itself thanks to the consolidation, and pointed to the Bitcoin Macro Oscillator (BMO) chart.

Stating that BMO went down one level during this consolidation process, Woo emphasized that this indicator has a 2-3 step up area before reaching the macro peak.

While implying that in line with this data, the new peak may be moved to higher prices than expected, he included the following statements in the details of his statement:

This 2.5-month consolidation under bullish demand has been very good for #Bitcoin, meaning the price has more room to move before reaching a top. Chart: BMO went down 1 level, now it needs to climb 2-3 more levels before the macro market peak.