Willy Woo Analyst Believes Bitcoin Is Getting Ready For Something Big…
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The well-known Twitter analyst Willy Woo has recently said on Twitter that the leading cryptocurrency is at the start of its next “main bull run“. Interestingly, he goes on to say that the peak price won’t even occur until the end of next year. Writing on Twitter earlier this week on the 11th of November, the analyst showed fresh evidence that the price gains for bitcoin are only just the beginning.
Furthermore, the analyst noted similarities between the current behaviour of its going to that of early 2017.
Green circle denotes where we are in this macro cycle. Start of the main bull run (in case it isn't already obvious).
BTC's on-chain Relative Strength Index is just warming up.
Red verticals are the halvenings, providing the bullish supply shock impulse. pic.twitter.com/HudOgAAezv
— Willy Woo (@woonomic) November 11, 2020
The price of bitcoin over the past few weeks has been exhilarating and showing promise. The United States presidential election has been a big factor in the price of spike for the king coin. For a few days now, it has been testing $16,000 and even though we are yet to see it, many analysts are predicting it before the end of the year.
As usual, it is worth saying that we are not financial advisers and this is not financial advice. Please do your own research before investing in a cryptocurrency.