Master on-chain analyst Willy Woo analyzes the Bitcoin market with critical metrics. The analyst explains the levels to be seen in Bitcoin and what happened. Let’s take a closer look at the analyst’s comments together…
Willy Woo: Whales are quickly buying Bitcoin
Well-known on-chain analyst Willy Woo says that deep-pocketed crypto investors are adoring Bitcoin amongst BTC’s growing fundamentals. Willy Woo says that BTC whales or investors holding assets between 1,000 and 10,000 BTC are suddenly buying the leading cryptocurrency. Willy Woo adds the following to his explanations on the subject:
Whales: ‘Nom nom nom… BTC is so delicious today.
Willy Woo draws attention to the sudden BTC buying spree in whales
Willy Woo, one of the best analysts on the market, emphasizes that the sudden BTC buying spree in whales came with the number of Bitcoin users reaching the highest level of 2021. Willy Woo adds the following to his explanations on the subject:
Glassnode data: Bitcoin user growth hits all-time high for 2021. CryptoTwitter traders: “Definitely a bear market. ” says.
Willy Woo: Unaware of the market right now, strong hands come in
In a new interview with veteran trader Tone Vays, Willy Woo says that a key investor group is accumulating Bitcoin behind the scenes. Willy Woo adds the following to his explanations on the subject:
Unbeknownst to the market right now, strong hands are coming in and quietly, very lightly, hoarding cryptocurrencies. And so, we’re currently at the last seen rates at this point (March 2021), the price being around $48,000, $49,000 at this supply shock level. The supply shock means these guys holding these cryptocurrencies don’t sell.
Willy Woo: Price action seems to confirm drop to $20,000
Veteran analyst Willy Woo emphasizes that the current activity of strong BTC holders reminds him of the Bitcoin price that was traded at just over $10,000 about a year ago. Willy Woo adds the following to his explanations on the subject:
In the end, when these guys dominate, there is little money to be had. We are on a classic foundation that differs in price. Fiyadollarsar is falling. All technical traders and charters are super bearish. They expect a drop to $20,000 as this is the next Fib (Fibonacci) level in the main support zone. Price action seems to confirm this. Meanwhile, we are experiencing this fundamental divergence as strong hands wipe out cryptocurrencies, and I haven’t seen a difference of this magnitude since this region here (August 2020).
Willy Woo: Smart investors stocked up on Bitcoin even in the drop!
Willy Woo highlights that in August 2020, Michael Saylor’s institutional analytics firm MicroStrategy began accumulating BTC heavily while the prevailing sentiment in the crypto markets was bearish. The on-chain analyst points out that Bitcoin has skyrocketed in the following months as it suffered a shock in supply. Willy Woo adds the following to his explanations on the subject:
I remember this very clearly. People were very down and scared as long-term holders cleaned up the coin. This eventually skyrocketed when the market realized that there was a supply shock and eventually the price suddenly rose.
Here are the successful predictions of master analyst Willy Woo
Cryptocoin. com, Willy Woo has been called the “Master and Oracle of Bitcoin” for his successful predictions. The analyst claimed that when Bitcoin was trading at $ 7,500 in May, the price would fall to $ 5,500 in the third or fourth quarter, and the price target stated by the analyst was met.
Willy Woo, who suggested that $3,000 levels would be seen in Bitcoin later on, also knew this. In addition, the analyst achieved a high success rate in his predictions based on the NVT method he developed. The analyst has also made extremely accurate predictions in the past. The analyst also correctly guessed that at the end of August, Bitcoin dropped to $ 9,000 and rose from $ 10,000 to $ 11,200.
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