Bitcoin Faces Potential Lengthy Correction, Analyst Willy Woo Warns
- Veteran analyst Willy Woo suggests Bitcoin (BTC) may enter a lengthy correction phase.
- Woo indicates BTC has until Monday to avoid a bearish divergence on the weekly chart.
- A bearish divergence occurs when price makes higher highs while RSI makes lower highs.
- Woo’s analysis firm, Bitcoin Vector, notes BTC is “equalizing” after rapid gains.
- Woo states BTC is increasingly influenced by global macroeconomic factors rather than four-year cycles.
- At the time of writing, Bitcoin trades at $104,737.
According to analyst Willy Woo, Bitcoin must rally by Monday to prevent a bearish divergence on its weekly chart. At present, BTC is trading at $104,737 and facing potential correction due to technical resistance despite strong fundamentals.
Source (2.6)https://dailyhodl.com/2025/06/01/bitcoin-may-go-into-imminent-correction-mode-for-weeks-and-weeks-according-to-analyst-willy-woo-heres-why/?rand=59076
