Willy Woo revamps Bitcoin price target after 4 years

Group 1: Bitcoin Market Insights - Bitcoin is described as the "canary in the coal mine" due to its sensitivity to liquidity among global macro assets [2] - Bitcoin reached an all-time high of $124,457.12 on August 14 but has recently experienced a downturn [2] - The market is in a critical phase, with potential recovery if investors return within the next three weeks, with a possible price range of $140,000-$160,000 [3] Group 2: Long-term Predictions - Previous predictions suggested Bitcoin could reach $250,000 to $300,000 by the end of the cycle, with potential to stretch to $300,000-$400,000 based on institutional inflows [4] Group 3: Altcoin Market Dynamics - Altcoins are facing competition from public equities and Bitcoin-related wrappers, leading to a lack of an altcoin season [6][7] - There has been some momentum towards Ethereum and Solana recently, but it is not comparable to past cycles [7]