Bitcoin analyst Willy WOO has cautioned crypto market participants about imminent risks, emphasizing the need for a careful approach in the forthcoming months. He noted that despite the prevailing bullish sentiment, indicated by a ‘Greed’ index score of 69, traders should remain cautious as Bitcoin prices exhibit potential retracement from the 100,000 USD level.

Bitcoin’s market price experienced a retracement from the 100,000 USD psychological barrier, now trading around 94,120 USD following a 3.92% decrease over the last week. Contrary to WOO’s caution, some analysts perceive a possible price recovery based on historical patterns, while others cite manufactured dips as a strategy by big players to buy lower.