Crypto analyst Willy Woo has expressed optimism about Bitcoin's performance from late January to February, citing a strengthening trend since a predicted bottom on December 24. Woo highlights that Bitcoin's price is beginning to reflect this positive momentum, although short-term overbought indicators may temper gains. He also notes a recovery in futures market liquidity, reminiscent of mid-2021, which could support Bitcoin's rise to the $98,000-$100,000 resistance level. Despite this short-term bullish outlook, Woo remains cautious about Bitcoin's prospects in 2026. He points out that liquidity has been weakening relative to price momentum since January 2025, suggesting a potential lack of support for sustained growth. Woo's stance could shift if there is a significant influx of long-term liquidity, but he warns that a bear market could be confirmed by a sustained outflow of funds from Bitcoin.