Crypto Analyst Willy Woo Says Bitcoin Selling Pressure Is Nearly Exhausted
Crypto analyst Willy Woo has long used on-chain data to assess Bitcoin market cycles. He said selling pressure is gradually easing after investors continued to deleverage and adjust their positions. With Bitcoin still trading between $60,000 and $70,000, whether prices can stabilize will influence confidence and capital flows across the broader crypto market.
Woo recently said Bitcoin's selling pressure is nearly exhausted and that the price has entered a period of sideways consolidation between $60,000 and $70,000, though a return to a bull market has not yet been confirmed. He expects the bearish trend could persist until the fourth quarter of 2026, with bullish momentum potentially returning in the first half of 2027.
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The history behind this eventBitcoin's Slide Slows, but Bear-Market Pressure Persists as Analysts Eye $62,500 Support
Bitcoin remains under bear-market pressure, though 10x Research says its decline is gradually slowing. Stronger ETF inflows, compressed volatility and easing selling pressure suggest near-term momentum is beginning to stabilize. Those signals, however, are not yet sufficient to demonstrate a structural reversal, leaving investors exposed to further declines.
As of July 20, 2026, 10x Research identified $62,500 as a key support level for Bitcoin. Holding above it could lay the groundwork for a subsequent rebound. Analysts said several recent indicators have improved, but Bitcoin has not yet formally broken out of its bear-market structure and needs further confirmation from price action and fund flows.
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