A Bitcoin analyst, Willy Woo, has cautioned crypto market participants to be careful in the upcoming months, suggesting that risk levels are peaking for the first time in this cycle. He noted that while the Bitcoin sentiment appears extremely bullish, a cautious approach is warranted given that significant profit-taking is expected. Woo highlighted his Bitcoin local risk model, indicating current risk levels reminiscent of January 2023. As of January 10, the Fear and Greed Index shows a Greed score of 69, up from a Neutral score of 50. Bitcoin has suffered a 3.92% decline over the past week, trading at $94,120, following a retreat from the psychological $100,000 level. Other analysts, such as Rekt Capital, predict a potential reversal due to historical trends, while CEO Samson Mow expressed skepticism about the market dips, suggesting they are manipulated to benefit larger investors.

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