Willy Woo Reveals Bitcoin's Last Stronghold..."Danger If $72,000 Collapses"

▲ Bitcoin (BTC)

Renowned on-chain analyst Willy Woo has presented a crucial price level that Bitcoin (BTC) must maintain to form a major bottom and rebound. Maintaining this range is expected to be a decisive factor in increasing the likelihood of a surge in the second half of the year.

On April 29 (local time), the cryptocurrency specialized media Daily Hodl reported, citing Willy Woo's on-chain analysis, that Bitcoin must hold above a specific support level. Woo emphasized the importance of Bitcoin maintaining the $72,000 level. This price point is closely linked to the average purchase price of short-term holders. Woo diagnosed that if this point does not collapse, the structural uptrend of the market will continue.

Woo cited the Market Value to Realized Value (MVRV) indicator for Bitcoin. Current on-chain data shows that Bitcoin has entered a historical bottom zone. Woo said, "If Bitcoin settles above a major support level, the probability of a massive bullish rally will sharply increase." He explained that this would be a strong signal to restore investor sentiment and induce further accumulation by whales.

The market assesses that Bitcoin is consolidating its strength by trading sideways around the $77,000 mark. Woo advised focusing on the robustness of the on-chain support base rather than short-term price volatility. The view is that as long as the key support level does not collapse, the current correction is part of a healthy upward trend. Woo's analysis provides clear guidelines for investors amid uncertain market conditions.

The cryptocurrency ecosystem is closely following the price levels suggested by Willy Woo. Major institutional investors are also weighing their entry points by referring to these indicators. Woo predicted that if Bitcoin overcomes this hurdle, it will enter an unprecedented record-breaking bull market. The market believes that the price movements over the next few weeks will determine the entire landscape for the second half of 2026.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*