Willy Woo Doubts Bitcoin Reversal by Year-End

Willy Woo predicts Bitcoin's bearish trend to end in Q4 2026, with bullish momentum in early 2027.

The end of Bitcoin’s bearish trend is most likely in the fourth quarter of 2026, with a bullish momentum returning in the first half of 2027, according to analyst Willy Woo.

This bearish sell down by investors seems to have exhausted, which gives price a repreive to consolidate sideways for maybe a month, even a rebound to mid 70s, which would likely to be rejected.

This is because the broader regime is heavily bearish with both spot and futures… pic.twitter.com/MAUlmBJtbE

— Willy Woo (@willywoo) February 27, 2026

He noted a general deterioration in the asset’s situation due to liquidity exhaustion in both spot and futures markets. In such a scenario, the leading cryptocurrency has never shown growth.

Woo believes that the potential low in the current cycle is around ~$45,000.

Bitcoin has existed in a bull market of the global economy since its inception in 2009, the expert pointed out. In his view, should another global crisis occur, the support level for digital gold would be $30,000, with $10,000 being the “last line” for hope of recovery.

CryptoQuant identified September-December of the current year as the most likely period for the cycle’s bottom, aligning with Woo’s forecast. The company’s specialists referred to the structure of previous historical periods.

Bottoms take time.

If this cycle mirrors past structures from April 19, 2024:

2012 trace (777 days) → June 4, 2026 • 2016 trace (889 days) → September 24, 2026 • 2020 trace (925 days) → October 30, 2026.

That puts the broader timing window in June–December 2026.… pic.twitter.com/8w5WzgGNXb

— CryptoQuant.com (@cryptoquant_com) February 26, 2026

Institutions Skeptical of Quick Growth

Woo suggested that over the next month, Bitcoin prices will continue to consolidate sideways. A breakout above $70,000 is possible, but the price is unlikely to hold, he added.

Jean-David Pequinot, Chief Commercial Officer of the derivatives exchange Deribit, told CoinDesk that major investors in BTC-ETFs and DAT companies are actively increasing positions in put options at $60,000. These contracts, with expirations in six months and a year, serve as a hedge against the coin’s price falling below this level.

The open interest volume in such positions has reached $1.5 billion, the highest compared to other cohorts by price and expiration.

“30-day put options are still trading at a volatility premium of about 7% compared to call options, indicating that ‘smart money’ continues to pay more for downside protection rather than chasing asset growth,” added Pequinot.

Sean Dawson, Head of Research at Derive, confirmed to The Block that traders hold a significant volume of put options at $55,000-$60,000. In his assessment, bears expect any potential dip not to go deeper than this range.

The largest open interest on Derive is observed in call options at $80,000-$90,000 expiring on March 27. This concentration indicates bulls are preparing for a price recovery to this range within the month, Dawson noted.

The analyst believes that the data suggests market attempts to form a base and cautious optimism among traders.

At the time of writing, Bitcoin is trading around $65,500. Over the past day, the cryptocurrency’s price has dropped by about 1.5%.

In February, Bloomberg Intelligence’s senior commodity strategist Mike McGlone reiterated his forecast of a potential crash of the leading cryptocurrency to $10,000. The analyst cited macroeconomic factors.