Bitcoin analyst Willy Woo said that the current selling of Bitcoin cumulative volume increment (CVD) has reached its peak, and will then enter the rising phase, but it will still take several weeks to reach a proper bullish environment. On the one hand, the Bitcoin halving is coming, and on the other hand, the longer Bitcoin consolidates near its all-time high price, the more coins will be transferred between investors, and once it breaks through, it will form long-term support. If it is liquidated at a lower price and falls below the support level of $59,000, a bear market may come.
