Popular on-chain analyst Willy Woo thinks that Bitcoin (BTC) bull run is not yet over. In addition, Willy Woo shares the end date of the rally based on historical data.
Willy Woo: These investors came to the Bitcoin market very strongly
Veteran analyst Willy Woo tells SALT Talks that only buying and holding investors are “coming very strongly” to the current Bitcoin market and acting as the driver of the current bull run. Willy Woo adds the following to his comments on the subject:
In the short term, we see a clear flow of coins from participants who more or less speculate or buy and then sell… Maybe they are like traders who buy and sell altcoins but actually these new people… They just take the coins and get unlocked. This has been a huge driving force of the bull market, a strong acquisition… There has been a lot of talk about institutional investors. This is correct. But I also think there are a lot of high net worth investors who come here to buy in snails for $ 1 million each time. We saw this very strongly in the first two months of 2021.
Willy Woo: Bitcoin bull run will end on this date…
Successful analyst Willy Woo says retail sales have also increased in the past two to three weeks. In terms of price predictions, Willy Woo points out that last year’s Bitcoin halving is another factor he believes will continue to increase the value of BTC several times until the end of the year. Based on historical data, the analyst predicts that BTC’s momentum will begin to decline in December. Willy Woo adds the following to his comments on the subject:
Essentially this gives us a small push in the price, if you have half the selling power of the new coins being issued, you get a bullish impulse and in all past cycles this bullish impulse manifests this madness … the last one was 2017 … it made us $ 1,000 to $ 20,000 took off. It tends to slow down in the fourth quarter around December. So Range can be anywhere in the range of $ 300,000 to $ 400,000, or even higher, based on that top model of mine. But we need to see how it performs over the next six months.
Here are Willy Woo’s pinpoint cryptocurrency predictions
Famous analyst Willy Woo is called the “Bitcoin Master and Prophet” because of his successful predictions. The analyst claimed that Bitcoin would drop to $ 5.500 levels in May, and the price target stated by the analyst was met. Willy Woo, who suggested that later levels of $ 3,000 will be seen in Bitcoin, knew this as well.
In addition, the master analyst achieved a high success rate in his predictions based on the NVT method he developed. The analyst also correctly knew that Bitcoin fell to $ 9,000 levels and rose from $ 10,000 to $ 11,200. Willy Woo has also made extremely accurate predictions in the past months.