On-Chain Analyst Says Bitcoin Could Hit $200,000 in 2021
According to Willy Woo, a prominent on-chain analyst, Bitcoin is likely going to move toward $200,000 to $300,000 in the coming year. He cited a technical price model that has accurately predicted some key inflection points in Bitcoin’s price history. Bitcoin Could Hit $200,000 in the Coming Year: Willy Woo According to Willy Woo, a prominent on-chain analyst, Bitcoin is likely going to move toward $200,000 to $300,000 in the coming year. Referencing the chart […]
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While Bitcoin is up massively over the past few years, there are still many in the world that does not own the cryptocurrency. Estimates compiled by a leading on-chain analyst indicate that less than 2% of the world has exposure to Bitcoin in some capacity. Nearly 2% of the World Holds Bitcoin: Analysis According to Willy Woo, a leading Bitcoin on-chain analyst, less than 2% of the world has exposure to Bitcoin right now. He […]
Crypto analyst Ali Martinez has identified similarities between Solana’s current price action and the 2021 bull run. Based on his analysis, Solana (SOL) could rise above $1,000 if it mirrors its move from 2021. Solana Could Rise To As High As $1,400 Related Reading: Solana Set For 900% Rally With Breakout From This Pattern — Analyst Martinez predicted that Solana could rise to as high as $1,400, revealing that Solana is looking “a lot like July 2021.” July 2021 was when SOL began its parabolic run in the last market cycle, going from about $30 to its current all-time high (ATH) of $260 in....
Bitcoin on-chain analysis can be a good way to try to guess where the market is headed. The market tends to repeat itself with metrics looking the same before a bull or a bear rally, thus making this data a pretty good indicator of what’s to come. Analyst Willy Woo uses this same data to demonstrate a pattern that occurs before the bull rally, the criteria which are being met once again. Start Of A Bull Run? In a recent string of tweets, analyst Willy Woo presents data from on-chain analysis that points to the bitcoin dump having reached its bottom. According to him, “Price in relation to....
An analyst has explained, using different on-chain indicators, how Uniswap (UNI) could be gearing up for a price breakout. Uniswap Metrics May Point That A Rally Could Be Brewing Up In a new post on X, analyst Ali has discussed the outcome that UNI may face based on some underlying metrics. The first indicator of […]
Those who plan to short the ongoing bull run must think twice, as per on-chain analyst Kim-Young Ju. The chief executive of CryptoQuant, a data analytics firm, said in a Thursday tweet that traders have no reason to place bets on Bitcoin’s potential fall. He explained that despite the cryptocurrency’s short-term downside correction from its […]