On-chain analyst Willy Woo has adjusted his Bitcoin price target to between $140,000 and $160,000, citing the cryptocurrency's sensitivity to liquidity as a key factor. Speaking at TheStreet Roundtable, Woo described Bitcoin as the 'canary in the coal mine' for global macro assets. Despite recent downside risks following Bitcoin's record high of $124,457 in August, Woo remains optimistic about a potential rebound. Woo also highlighted the competitive landscape for altcoins, noting that crypto-wrapped companies and public market stocks pose challenges. He observed that, unlike previous cycles, only Ethereum and Solana have demonstrated recent strength among altcoins.