Famous on-chain analyst Willy Woo strongly believes that Bitcoin (BTC) will eventually reach a seven-figure price.

Woo told his 1.1 million followers on social network X that he believes the value of Bitcoin will skyrocket to $1 million in the coming years.

According to the analyst, a BTC price of $1 million will have a long-term impact that will change the global landscape.

“What a wonderful time to live in. BTC price $1 million will easily happen in the next 10 years. Dependent effects will last…

BTC becomes a reserve currency

The purge of corruption in the central bank

War becomes expensive

Younger leaders are building for a future they will live in.”

Earlier this month, Woo said that the fair value of BTC will increase to $1 million by 2035 based on increasing global adoption.

But now, the analyst says on-chain indicators are showing a bullish trend for BTC. Woo first looks at BTC's risk signals to compare network flows with price action. The analyst previously noted that BTC will increase in price when the risk signal is low.

“Bitcoin risk signal has formed a lower high, which is almost always bullish.”

Looking closer at network flows, Woo said the metric is turning green again for the crypto king.

“Early signs, if I squint just right, the flow of money into the Bitcoin network is returning. Perhaps another week is needed to confirm this trend reversal properly.

Lighter blue is net inflows from the US spot ETF.”

At the time of writing, Bitcoin is trading for $60,700.

Source: https://tapchibitcoin.io/willy-woo-du-doan-btc-se-de-dang-dat-1-million-usd-nhieu-tin-hieu-dang-cho-thay-xu-huong- funeral.html