{"id":124458,"date":"2020-12-02T12:00:00","date_gmt":"2020-12-02T09:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo\/"},"modified":"2020-12-02T12:00:00","modified_gmt":"2020-12-02T09:00:00","slug":"bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo\/","title":{"rendered":"# Bitcoin hitting $200K by December 2021 is now \u2018conservative\u2019 \u2014 Willy Woo"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3c2017ac375\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3c2017ac375\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo\/#Woo_eyes_%E2%80%9Camplified_bullish_feedback_loop%E2%80%9D\" >Woo eyes &#8220;amplified bullish feedback loop&#8221;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo\/#Is_anyone_bearish_on_2021\" >Is anyone bearish on 2021?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin hitting $200K by December 2021 is now \u2018conservative\u2019 \u2014 Willy Woo <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) hitting $300,000 in just one year\u2019s time is \u201cnot out of the question,\u201d popular statistician Willy Woo says.<\/p>\n<p>In a <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/woonomic\/status\/1333826686257831936\">series of tweets<\/a> on Dec. 1, Woo stated that he has \u201cnever been so bullish\u201d on Bitcoin\u2019s prospects for 2021.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Woo_eyes_%E2%80%9Camplified_bullish_feedback_loop%E2%80%9D\"><\/span>Woo eyes &#8220;amplified bullish feedback loop&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Discussing potential price trajectory, he confirmed that he was looking at six figures by December next year. <\/p>\n<p>\u201cMy Top Model suggesting $200k per BTC by end of 2021 looks conservative, $300k not out of the question,\u201d one post read. <\/p>\n<blockquote><p>\u201cThe current market on average paid $7456 for their coins. You all are geniuses.\u201d<\/p><\/blockquote>\n<p>Woo used his technical Top Cap metric to deliver the forecast. Despite being what his analytics website Woobull <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/charts.woobull.com\/bitcoin-price-models\/\">calls<\/a> \u201cexperimental,\u201d Top Cap has accurately matched price tops in the past.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/b9eb5a5b-113c-422f-a0f1-7801b4bdd2ad.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD predictions with Top Cap extension (dotted line). Source: Willy Woo\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Continuing, he eyed the decreasing amount of BTC held on spot exchanges as a sign that bullish price action would be catalyzed in the coming twelve months. <\/p>\n<p>\u201cI&#8217;ve never been so bullish for 2021,\u201d he wrote. <\/p>\n<blockquote><p>\u201cThis re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC.\u201d<\/p><\/blockquote>\n<p>Lastly, the dollar gain in Bitcoin\u2019s market cap for each dollar invested this cycle has outpaced the 2013 and 2017 bull runs.<\/p>\n<p>\u201cAll pointing to reflexivity increasing; an amplified 2021 bullish feedback loop,\u201d Woo concluded.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Is_anyone_bearish_on_2021\"><\/span>Is anyone bearish on 2021?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, Woo is far from alone in his optimistic outlook for post-2020 Bitcoin. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<p>Sky-high price predictions have come thick and fast over the course of the past two months, with quant analyst PlanB\u2019s $100,000 December 2021 estimate now looking decidedly modest.<\/p>\n<p>Beyond technical circles, familiar figures such as serial investor Mike Novogratz have begun taking price predictions to the mainstream. In the case of Novogratz, he told actress Maisie Williams last month that BTC\/USD would head to $20,000 and then to $65,000. Williams subsequently invested.<\/p>\n<p>This week, meanwhile, a giant $590,000 price\u00a0forecast came courtesy of the Realized Profit\/ Loss metric, which has returned to its classic bull run launch position.<\/p>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-hitting-200k-by-december-2021-is-now-conservative-willy-woo\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin hitting $200K by December 2021 is now \u2018conservative\u2019 \u2014 Willy Woo &#8221; Bitcoin (BTC) hitting $300,000 in just one year\u2019s time is \u201cnot out of the question,\u201d popular statistician Willy Woo says. In a series of tweets on Dec. 1, Woo stated that he has \u201cnever been so bullish\u201d on Bitcoin\u2019s prospects for&#8230;<\/p>\n","protected":false},"author":1,"featured_media":124459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/049b5094-545f-4c10-aa88-b1f2bd1001ea.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,68637],"class_list":["post-124458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/124458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=124458"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/124458\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/124459"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=124458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=124458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=124458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}