Analyst: BTC's decline in the early stage of this bear market was too rapid. Currently, conditions are being created for a rebound to $85,000.

SmartContractAuditor · 2026-03-08T01:26:23+00:00

On-chain analyst Willy Woo stated that Bitcoin faces resistance around $75,000, with investor capital flowing back in and market sentiment potentially shifting toward "risk appetite." Although the current rebound may test $85,000, Bitcoin remains in the mid-stage of a bear market and may experience sideways consolidation and multiple tests of key resistance levels in the future.

SmartContractAuditor

2026-03-08 01:26:23

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Odaily Planet Daily reports that on the X platform, on-chain analyst Willy Woo stated that although Bitcoin faced local resistance near $75,000, investor capital flows have been steadily recovering since mid-February. Meanwhile, the VIX index, which measures stock market volatility expectations, is hinting that market sentiment may shift toward a “risk-on” stance in the coming weeks. Willy Woo pointed out that the speed of Bitcoin’s decline early in this bear market was “too fast,” and the current market environment is creating conditions for a price rebound toward approximately $85,000 (short-term investor cost basis). However, this does not mean the market has bottomed out. From a long-term liquidity perspective, Bitcoin remains in the middle of its bear phase. Historically, after similar rapid declines, prices tend to consolidate sideways and test key resistance levels multiple times during rebounds.

BTC-0,85%

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