Category: willy woo

Bitcoin could be on the verge of a big breakout at $42K, hodler activity suggests

Bitcoin could be on the verge of a big breakout at $42K, hodler activity suggests

On-chain analyst Willy Woo asserted that Bitcoin (BTC) would break above the $42,000-resistance level in its coming attempts. The researcher based his bullish analogy on the so-called Rick Astley indicator, a heat-map that tracks investors—the Rick Astleys of this world—that buy Bitcoin to hold the asset for longer timeframes. The indicator earlier predicted Bitcoin price […]

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‘It will send BTC’ — On-chain analyst says  Bitcoin hodlers are only getting stronger

‘It will send BTC’ — On-chain analyst says Bitcoin hodlers are only getting stronger

According to on-chain analyst Willy Woo, the price of Bitcoin (BTC) could achieve a “conservative” target of $200,000 in 2021. The prediction revolves around the fact that long-time investors seem more confident in the recent rally. There are two key data points that suggest Bitcoin’s ongoing rally could explode higher. First, “HODLers,” or long-time BTC […]

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