Crypto analyst Willy Woo: The exponential Bitcoin bull market has not yet begun
According to Foresight News, crypto analyst Willy Woo said that according to the BTC price ratio model, the exponential Bitcoin bull market has not yet begun. He believes that the current cycle may be structurally a mix of the 2013 (strong demand) and 2017 (spot-dominated) cycles, with 2020 being a washout year for derivatives controls. The BTC price model released by Willy Woo is the comprehensive result of the relative movements of 3 different price models, including: 1. VWAP price (on-chain "investor" transaction volume); 2. Realized price (cost basis); 3. CVDD price ( Veteran selling, also known as the "bottom" model).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Faces Struggles as Market Volatility Intensifies
In Brief Bitcoin struggles under $90,000, affecting market dynamics. Altcoin market sees significant downturn and investor panic. Regulatory news in the U.S. impacts cryptocurrency trends.
Crypto: The PEPE memecoin site redirects to a malicious link
21Shares Launches First Leveraged Sui ETF in the U.S. as Network Activity Surges
Crypto: US prosecutors demand 12 years in prison for Do Kwon
Trending news
MoreCrypto prices
More
