Analyst: Bitcoin may challenge $98,000–$100,000 in the short term, but bearish on the full-year trend of 2026.

Odaily Planet Daily reported that crypto analyst Willy Woo posted on X platform expressing optimism about Bitcoin’s performance from late January to February, as current internal investor flow models indicate the market has been steadily strengthening after bottoming out at the end of December last year. However, prices typically take 2-3 weeks to reflect this change. Additionally, derivatives liquidity in the futures market is returning after months of dormancy, similar to mid-2021, which led to the second top of the previous cycle. Currently, Bitcoin needs to challenge the $98,000 to $100,000 price range; if it breaks through this level, attention should be paid to the resistance at the all-time high (ATH).

However, Willy Woo remains bearish for the entire 2026 year, as from a macro perspective, liquidity flow relative to price momentum has been weakening since January 2025. If a large influx of spot liquidity emerges in the coming months to break the downtrend, it could change his outlook. The bear market has not yet been confirmed, with the sign being a continuous increase in negative Bitcoin outflows, which is a lagging indicator of cycle tops.