The price of $BTC Bitcoin is preparing to reach new all-time highs, according to technical analysis by renowned professional analyst and trader Willy Woo. Although Bitcoin (BTC) has yet to regain its all-time high of $73,700 USD recorded in March, there are bullish signs indicating a possible rally. Over the past two and a half months, Bitcoin has been consolidating under bullish demand, suggesting it has more room to rise before finding a new top. Woo bases his projection on the Bitcoin Macro Oscillator (BMO) indicator, which combines four metrics: MVRV, VWAP, CVDD, and Sharpe ratio. Currently, the BMO indicator is at 0.6, but historically, Bitcoin has peaked in a bull cycle by passing the 1.8 level. Additionally, capital flows into Bitcoin have increased during May, and capital has returned to the futures markets. If the price can break above $72,000 USD, Woo emphasizes that there is an immense amount of liquidations that could push BTC above $75,000 USD. Cryptocurrency remains a hot topic in the financial markets! 🚀📈$BTC