Bitcoin (BTC) could be poised for a bullish move, according to popular on-chain analyst Willy Woo. After a period of consolidation, Woo believes that Bitcoin holders are no longer selling at a profit, indicating a decrease in sell pressure. He also notes that capital inflows into Bitcoin are starting to increase. Looking at the bigger picture, Woo suggests that Bitcoin is in the early stages of its bull market and is consolidating near all-time highs. This setup is similar to previous bull market cycles in 2017 and 2020, which were followed by significant rallies. At the time of writing, Bitcoin is valued at $67,097. It’s important for investors to conduct their own research and exercise caution when investing in high-risk assets like Bitcoin.