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Analyst Willy Woo believes bitcoin is capable of rising to the $80 000–$85 000 range in the near term. This level corresponds to the average entry price of short-term holders.
In recent days, the market has shown signs of recovery following heavy selloffs in February. Buyer activity on exchanges is gradually increasing. This creates conditions for short-term price growth. However, the analyst emphasizes that the current movement cannot be considered sustainable. In his view, the market is still in a bearish phase.

Bitcoin rises amid growing Middle East tensions and increased capital inflows into cryptocurrency