“This Is The Worst Cycle Ever In BTC” | Willy Woo Bitcoin Price Prediction

    At the time of writing, Bitcoin is trading at $17,163.90, up 3.5% in the past week, after trading sideways in the $16,000 range since the collapse of FTX. The push above $17,000 is a small win for those in the bitcoin community, considering the circumstances but the mainstream would have everyone believing that the world is ending and Bitcoin is going to zero, as stated by the European Central Bank. In a statement, The European Central Bank said bitcoin is on an “artificially induced last gasp before the road to irrelevance.” When statements like this start floating around the media, it’s an indication that the bottom is near, according to on-chain analyst Willy Woo. In an interview with Scott Melker, Willy Woo gave his take on the sentiment around Bitcoin. Woo believes that not only does the media propaganda around Bitcoin give a hint that we are near the bottom, but the on-chain analysis supports this as well. It wouldn’t surprise Willy Woo to see a $10-12k bottom, but all the data suggest that we are close to the end of the bear market.

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    Credit: Scott Melker
    FTX And Crypto Contagion: Lessons Learned From On-Chain Data | Willy Woo

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    16 Comments

    1. Your explanation is realistic and straight to the point. On the other hand there are many ways of manipulating the market, I was able to grasp the knowledge of trading crypto assets early enough, but i was still limited due to my lack of technical understanding of how to analyze the digital market , all that changed when i encountered Grayson Miles strategy and daily signals my portfolio took a positive turn to 9 BTC from 2.5 BTC . Therefore more emphasis should be put into bitcoin day trading as it Is less affected by the unpredictable nature of the market.

    2. Predicting< a reversal of a trend is risky, and even worse, I believe there is more to this market than we understand currently. When people are losing, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Barton William which has made me almost 8.7 on a 2 btc Trade capital over the last 2 months. Make the wise decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B-TC, it's difficult to make a bullish case simply from looking at the charts.

    3. Good stuff as always. This man offering his lifetime experience for free is incredible value. Crypto has evolved substantially. It’s ready for primetime. BTC easily, easily over $100K next bull market. The only question is not if, but only WHEN. All we can do at the moment is to buy and trade, accumulate and trade as much as you can. It might take a bit of time but It will come right in the end, the boat came back for us to get in, invest today before the price skyrocket, we all need to have positive thoughts and actions. Because time limitations are the biggest reason for failure. But in all, don't forget to trade you crypto assets to accumulate more. I feel confortable trading under the watch guide of Thomas fuller as my mentor, with his trade signal i have made over 15.3btc with just 5btc. He's the best in the crypto trading space..

    4. As the economic crisis keep rising, one needs to have different streams of income, a well detailed diversified investment portfolio in the financial markets is needed to survive, as well as secure a profitable investment future, Thanks so much Mrs Vellajean Scarlett for improving my portfolio.

    5. Cryptocurrencies is not a investing thing like security it's a non profit organization. That's why cryptocurrency will goes to zero still sec case pending sec declares xrp is a cryptocurrency not xrp sold to anyone worldwide. Cryptocurrency banned worldwide soon.

    6. Spot <on! You are getting good at being ahead of the trend. Good job man! You nailed it. Pretty funny that volatility has been so compressed and we’ve become so conditioned as market participants that the slightest 3% move feels like a 15-20% move. I’ll advice you to go into crypto tradiing because it has higher profit returns, tradiing bitcoin options provide excellent opportunities for investors aiming to maximize gains while limiting their losses. Using multiple call(buy) options Tobias Meylan create a strategy capable of returns six times higher than the potential loss these can be used in bullish and bearish circumstances, depending on the investors expectations thanks to him I've earn 13.7' btc! Historically, fortune favored the ones who invest in thought moments.

    7. Your explanation is realistic and straight to the point. On the other hand there are many ways of manipulating the market, I was able to grasp the knowledge of trading crypto assets early enough, but i was still limited due to my lack of technical understanding of how to analyse the digital market , all that changed when i encountered (Gerry Schmidt ) strategy. more emphasis should be put into day trading as it Is less affected by the unpredictable nature of the market.

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