Bitcoin (BTC) is roaring again, and this time, it’s not just retail hype. Prominent crypto analyst Willy Woo has ignited market excitement with a bold forecast: Bitcoin is on track to hit $107,000 in the near future. And based on current price action, he might not be far off.
“We’re seeing a breakout from key resistances with liquidity building higher up. This is how Bitcoin makes parabolic moves,” Woo told followers this week.
After smashing through major short-term resistance levels, BTC bulls now have a clear technical runway — with support from on-chain metrics and strategic liquidity zones.
To break down why this price target is gaining serious credibility.
1. Bitcoin Breaks Out of Key Resistance Zone
Bitcoin recently blasted past the $93,100 level, which aligns with the short-term holder realized price. It didn’t stop there — BTC also cleared $95,300, the upper range of its recent trading band.
This move wasn’t just a random pop, it came on high trading volume, a strong signal that the bulls are in control. According to Woo and other analysts, the next major targets are $100K, $106.8K, and $110.2K, as per liquidation heatmaps.
“Bitcoin is entering a price vacuum, there’s very little resistance until six figures,” tweeted analyst CryptoTony.
2. On-Chain Indicators Are Flashing Green
A closer look under the hood of Bitcoin’s blockchain reveals very bullish fundamentals.
MVRV Ratio Is Healthy
The Market Value to Realized Value (MVRV) ratio, which gauges market profitability, bounced from 1.74 to 2.14 since April 8. This indicates the market is not only recovering — it’s thriving.
87% of Supply in Profit
The Percent Supply in Profit metric has soared to 87%, far above the long-term average of 74.8%. This means most BTC holders are now back in profit, increasing market confidence and reducing selling pressure.
“When holders are in profit, they’re less likely to sell. It creates a feedback loop for higher prices,” explains on-chain researcher Glassnode.
3. Liquidity Maps Point to $107K Target
Perhaps the most compelling evidence comes from the 6-month liquidation heatmaps. These charts show where traders have placed high-leverage positions that could trigger forced liquidations.
Here’s the setup:
Minimal liquidity below the current price = fewer traps for downward wicks.
Large liquidity zones above = magnet levels, especially at $100K and $106.8K.
This creates what analysts call a “price vacuum” — a stretch of uncharted territory where BTC can move swiftly with little resistance.
What’s Next for Bitcoin?
At press time, Bitcoin is trading around $96,700, holding its breakout gains and inching closer to the psychological $100K mark.
A successful break above $100K could lead to a momentum-driven move toward $107K, especially if the broader market sentiment and macro indicators remain positive.
Add to that the growing institutional inflows, ETF tailwinds, and the post-halving narrative, and you have a perfect storm for Bitcoin to surprise the skeptics once again.
Key Levels to Watch
| Resistance Level | Importance |
|---|---|
| $100,000 | Psychological + liquidity |
| $106,800 | Liquidation cluster |
| $110,200 | Upper target |
| Support Level | Importance |
|---|---|
| $93,100 | Short-term holder average |
| $88,000 | MVRV midpoint |
| $83,000 | Downside liquidity |
Conclusion: A New ATH or Just Another Hype Wave?
Bitcoin is no stranger to bold price calls, but this time, the stars might actually be aligning.
With a clean breakout, surging on-chain metrics, and favorable liquidity dynamics, $107K is no longer a fantasy. It’s a target being actively chased by bulls, and the fuel seems ready.
Will Bitcoin hit six figures before summer? If history is any guide, the answer might come faster than anyone expects.
“This market loves to move when everyone’s looking the other way,” said Woo. “Don’t blink.”
FAQs
Why is Willy Woo predicting Bitcoin to hit $107K?
Willy Woo cites strong breakout patterns, on-chain fundamentals, and liquidity heatmaps pointing to $100K+ targets as reasons for his bullish forecast.
Is $107K a realistic target?
Given BTC’s momentum, resistance levels, and bullish liquidity map, analysts believe $107K is a very real — and near-term — possibility.
What indicators support this rally?
Key indicators include the MVRV ratio, the Percent Supply in Profit, and a breakout above resistance levels backed by strong volume.
What could stop Bitcoin from hitting $107K?
Macroeconomic shocks, black swan events, or large profit-taking selloffs could delay or suppress the rally temporarily.
Glossary
MVRV Ratio – Compares market value with realized value to assess over-/or undervaluation.
Liquidation Heatmap – A chart showing high-risk leveraged positions where forced buying or selling may occur.
Short-Term Holder Price – The average price at which recent BTC buyers acquired their coins.
Psychological Resistance – Round numbers (like $100K) that tend to attract trader activity and emotion.
Sources:
CoinMarketCap – Bitcoin Live Price
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