Bitcoin Bullish Fundamentals Suggest $108,000 Target

Bitcoin recently surpassed $95,000 and fundamentals have turned bullish, according to crypto analyst Willy Woo. Woo believes capital flows into the network are increasing, and total and speculative flows have bottomed, creating a bullish environment. Woo predicts the $108,000 target remains in play, with a new interim target of $103,000 forming. However, he also notes that sideways action or a slow grind upward might occur due to overextension in the short-term on-chain VWAP indicator.