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Bitcoin's rally in the coming months 'will be one for the record books,' says network analyst Willy Wu - here's why
On-chain analyst Willy Wu is bullish on Bitcoin (BTC) for the coming months.
Wu tells his 1.1 million followers on social media platform X that he expects Bitcoin to break out before October this year.
The subsequent Bitcoin rally in 2025 will be “record-breaking,” Wu said. The on-chain analyst says the rally will be driven by increased global liquidity, which typically favors risk assets.
“Global liquidity forms a bullish ascending triangle.”
An ascending triangle typically forms when an area of horizontal resistance is continually tested while successive higher lows form. A bullish ascending triangle is confirmed when a break above horizontal resistance occurs.
In response to a report from a quant analyst under the pseudonym PlanB that Bitcoin's price spikes between two and five months after the halving, Wu says the four-year event is causing a reorganization among BTC miners, leaving only the fittest to survive. The fourth Bitcoin halving took place on April 19.
“Inefficient miners are discarded at halving.
They dump their BTC before they die.
Only the strong Survive.
They operate at a higher profit margin so they don't have to sell.
The pressure to sell miners has disappeared.
It takes two to five months for new supply/demand to be reflected in price.”
“Historically, Bitcoin miner earnings recover two to five months after the halving, and the price of Bitcoin rises vertically after that.”
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