{"id":255993,"date":"2021-05-21T23:49:59","date_gmt":"2021-05-21T20:49:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/will-woo-doesnt-think-bitcoins-overall-upward-run-has-ended\/"},"modified":"2021-05-21T23:49:59","modified_gmt":"2021-05-21T20:49:59","slug":"will-woo-doesnt-think-bitcoins-overall-upward-run-has-ended","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/will-woo-doesnt-think-bitcoins-overall-upward-run-has-ended\/","title":{"rendered":"#Will Woo doesn't think Bitcoin's overall upward run has ended"},"content":{"rendered":"

“#Will Woo doesn't think Bitcoin's overall upward run has ended<\/strong>”<\/p>\n

<\/p>\n

                Popular Bitcoin analyst Willy Woo noted a few signs and symptoms indicating the BTC bull run still has some juice left. \n                <p>Bitcoin\u2019s price fell significantly this week as the $30,000 price level waved hello to the frantically falling asset. Willy Woo, a popular Bitcoin (BTC) analyst, however, thinks the curtain call for Bitcoin\u2019s overall upward rally has not occurred yet.\u00a0\n<\/code><\/pre>\n
During an interview with podcaster Peter McCormack, posted<\/a> on the What Bitcoin Did<\/em> YouTube<\/a> channel on May 21, Woo talked about a number of points, including Bitcoin\u2019s recent network and price activity, and its current state. Woo noted that many macro indicators point toward price positivity for Bitcoin. \u201cThere\u2019s an immense amount of activity on the network between investors compared to the valuation,\u201d Woo said, referring to data from Bitcoin\u2019s NVT ratio, which shows<\/a> blockchain network activity in relation to market cap.<\/p>\n
\u201cWe haven\u2019t seen any kind of mania,\u201d Woo continued. \u201cWe dumped down from a level which was highly organic \u2014 no speculative premium,\u201d he said. \u201cThe 2017 top, for example, we were I think 3.8% higher than the organic evaluation.\u201d<\/p>\n
\u201cThis is just a middle of the bull market derivatives unwind,\u201d Woo said of the current state of Bitcoin. Bitcoin reached around $65,000 in April, based<\/a> on TradingView data. Subsequently, the asset declined down below $50,000 for a period, recovered above the level for a time, reaching nearly $60,000 before beginning its descent down to the $30,000 range.<\/p>\n
\u201cI think it\u2019ll take a bit of time to recover, just from the sheer amount of coins that we dumped out,\u201d Woo said. \u201cI think ultimately, if you look at the network health, this is a good thing,\u201d he said, seemingly referring to the overall situation.<\/p>\n
McCormack asked Woo straight: \u201cSo it\u2019s not the end of the bull market?\u201d To which Woo responded: \u201cNo, not at all.\u201d<\/p>\n
Looking at his chart, Woo said price targets and details depend on the days ahead, although he expects Bitcoin\u2019s price to hit levels higher than $100,000 per coin. Woo and McCormack also chatted about a number of other points during the interview. <\/p>\n
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“#Will Woo doesn't think Bitcoin's overall upward run has ended” Popular Bitcoin analyst Willy Woo noted a few signs and symptoms indicating the BTC bull run still has some juice left. <p>Bitcoin\u2019s price fell significantly this week as the $30,000 price level waved hello to the frantically falling asset. Willy Woo, a popular Bitcoin (BTC)…<\/p>\n","protected":false},"author":1,"featured_media":255994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvZTM3YWQ5MTMtYzBiNi00MTI5LWExZjEtMzQyMDM4ZDQxY2E5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-255993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/255993","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=255993"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/255993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/255994"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=255993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=255993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=255993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}