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Analyst Willy Woo Says Bitcoin Could Consolidate for Months Before Recovery
As the Bitcoin price continues to struggle in late February, Analyst Willy Woo has stated that the decline may not be over yet. According to the crypto analyst, the world’s largest cryptocurrency could remain in a consolidation phase for several months before eventually staging a recovery. Willy Woo’s analysis suggests that while selling pressure is easing in the market, the path to renewed upward momentum is likely going to be gradual and not explosive. Willy Woo’s comments come as Bitcoin’s price action has shown mixed signals of increased volatility and slower net outflows from centralized exchanges ... (full story)
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