PANews reported on February 27th that Bitcoin analyst Willy Woo tweeted that his on-chain and liquidity models suggest that selling pressure from Bitcoin investors has largely subsided, and the price may consolidate sideways for the next month or so, or even rebound to the mid-$70,000 range but likely encounter resistance. Woo stated that both spot and futures liquidity are currently bearish, and he has never seen a sustained rise with both sides simultaneously bearish. His "educational projections" suggest that this bear market trend may end in the fourth quarter of this year, while true bullish momentum may return in the first or second quarter of 2027. He estimates the typical bear market bottom range to be around $45,000, with $30,000 and $16,000 being key support levels and the last lines of defense for maintaining a long-term bull market structure, respectively, should the global macroeconomic environment weaken significantly.