Pakinomist – With analyst Willy Woo pointing out increasing capital inflows to the network, interest in price volatility and network dynamics is growing. Woo argues that as Bitcoin’s sideways trading quietly moves into stronger hands, an accumulation zone is created. He says that if the inflow continues in the coming days, this accumulation phase could lead to an all-time high.

The degree of network activity and investor interest is reflected in the capital inflow metric. There is a new surge in demand as these approaches increase. If sustained, this demand could act as the catalyst for Bitcoin to surpass significant resistance levels and reach new highs. Bitcoin is still in an uptrend as evidenced by the price chart’s higher highs and lower lows.

While support levels near $98,000 and $92,000 provide a solid foundation, the breakout from the long-term descending trend line around $100,000 confirmed bullish momentum. An upward trajectory is reinforced by the 50-day and 100-day moving averages. The psychological $110,000 mark is one of the important short-term levels to watch because it can serve as a springboard for further gains.

The conditions for a rally towards Bitcoin’s previous high and beyond could be created if it is able to overcome this resistance with strong volume. However, as the market may face further challenges, caution is necessary. The uptrend may be halted if capital inflows decline or if current support levels are not maintained.

To prevent a deeper correction or a slide into consolidation, Bitcoin needs to hold on to its recent bullish structure. The price action and fundamentals of Bitcoin point to a bright future. With consistent capital inflows, Woo’s analysis strengthens the case for a potential record high.