A positive outlook for Bitcoin was shared by on-chain analyst Willy Woo recently. He echoed PlanB's thesis, suggesting a robust upward trend post the block reward halving.

Woo anticipates Bitcoin to surge before October this year, citing a strong rally expected in 2025. He points to increasing global liquidity, often favoring risky assets like Bitcoin, as the driving force behind this surge.

Highlighting the formation of a bullish triangle pattern, Woo suggests that Bitcoin's upward movement will be significant once it breaks above the horizontal resistance level. He emphasizes that this pattern, fueled by global liquidity, will likely lead to substantial gains for Bitcoin.

Discussing the impact of the block reward halving, Woo notes that historically, Bitcoin miner revenues recover within two to five months post-halving, followed by a significant market rise. He agrees with PlanB's observation and adds that Bitcoin's price typically surges within the same timeframe after a halving event.

Furthermore, Woo explains that the halving process prompts inefficient miners to sell their Bitcoin before ceasing operations, leaving only the most efficient miners. With reduced selling pressure from miners, Bitcoin's price is expected to benefit.

As of now, Bitcoin has seen a 5.97% increase in the last 24 hours, trading at $66,220, slightly below its all-time high. Woo's analysis, coupled with historical trends, suggests that Bitcoin could experience a notable breakout and rally as global liquidity rises and selling pressure from miners decreases following the block reward halving.

In summary, Willy Woo's optimistic forecast indicates a bullish movement for Bitcoin before October, driven by factors such as rising global liquidity and the historical patterns post block reward halving.