🚀 Bitcoin Tug-o-War: Bullish Signals on the Horizon! 🌟

Crypto analyst Willy Woo has spotlighted an ongoing power tussle between demand and supply in the Bitcoin ecosystem. Woo's analysis reveals three bullish and two bearish factors that could shape BTC's price in the near term.

🔋 Bullish Signals:

1. Miner capitulation is over, and the Bitcoin hash rate is recovering, signaling a potential price surge.

2. The Puell Multiple indicates miners are poised for substantial profits, hinting at a bullish market.

3. Global liquidity setups suggest traditional finance entities are increasingly buying BTC.

⚠️ Bearish Concerns:

1. Coins entering exchanges from entities like Mt. Gox trustee.

2. Potential bearish impact from the launch of spot Ethereum ETFs in the US.

Woo believes BTC could see months of bullishness, possibly breaking $73,000 soon! 🌈