On January 11, crypto analyst Willy Woo tweeted that the sentiment among bitcoin users appears to be very optimistic, but caution should be taken in the coming months. During this cycle, risk has peaked for the first time, with a large number of bitcoins being sold for profit, and there is still a lot of profit taking before the price really returns to normal.
Renowned cryptocurrency analyst Willy Woo posted on social media that there appears to be a large amount of money flowing into the bitcoin network.
Crypto analyst Willy Woo said that the current counterfeit products cycle is significantly different from the past. This is the third large-scale loss for retail investors since 2017. The DeFi and NFT waves of 2020-21 and the current Meme coin boom have caused retail investors to continue to suffer. Woo believes that retail investors may have realized the high-risk nature of the counterfeit products market. Although counterfeit products may still rebound after each bitcoin rise, the overall stre...
Cryptocurrency analyst Willy Woo said in a social media post, "Short term: timing signals 1-3 weeks of bullish volatility. Mid-term: Since the April halving, supply and demand have been bearish, but a reversal pattern may have started over the past four weeks (not yet confirmed), and it will take more time for Bitcoin to break through all-time highs. Macro: The red flag confirms lower lows, BTC is not in a bear market, but waiting in a re-accumulation pattern. "
Cryptocurrency analyst Willy Woo said that the selling of the German government, Mt. Gox and the Department of Justice (DOJ) has gradually been absorbed, and PaperBTC bets are declining, which is a good sign. Overall, the situation has shifted from bearish to neutral in terms of supply.
If the Financial Institution Group continues to support the bitcoin adoption curve, its price could end up above $700,000, said Willy Woo, a cryptocurrency analyst, in a post on X, "Bitcoin, even in the early stages of the asset class, Fidelity recommends allocating 1-3%, while we see BlackRock's figure as high as 85%. If we assume 3% is a reasonable allocation, then the lower bound for its valuation is $700,000."
On July 23rd, cryptocurrency analyst Willy Woo shared the top five macro signals for Bitcoin that he is closely monitoring, with three bullish and two bearish. Bullish Signal: The miner surrender period is over, which is one of the most reliable bull market indicators. The computing power is recovering, and the bottom of the price and computing power is synchronized with the new generation of hardware upgrades. Global liquidity is starting to expand, which is conducive to traditional financial p...