Bitcoin Bullish: On-chain analyst Willy Woo is optimistic about the future of Bitcoin (BTC), predicting a breakout before October. Woo, who has a large following on X, believes that the upcoming Bitcoin rally in 2025 will be historic. He attributes this rally to an increase in global liquidity, which tends to favor risk assets. Woo describes this phenomenon as a “bullish ascending triangle.” This pattern typically occurs when there is a horizontal resistance level being tested while higher lows are consistently formed. Once there is a breakout above the resistance level, it confirms the bullish ascending triangle. Woo also responds to a post by the pseudonymous quant analyst PlanB, who suggests that the price of Bitcoin appreciates significantly in the months following a halving event. Woo explains that the halving event leads to a reorganization among BTC miners, resulting in the survival of only the most efficient miners. These miners, operating on higher profit margins, do not need to sell their Bitcoin, thereby reducing sell pressure. It takes two to five months for the new supply and demand dynamics to reflect in the price. PlanB further adds that historically, Bitcoin miner revenue recovers within two to five months after a halving, leading to a vertical price increase. Currently, Bitcoin is trading at $62,373, approximately 15% below its all-time high in March. Investors should conduct their own research before making any high-risk investments in Bitcoin or other cryptocurrencies.