World-renowned on-chain analyst and Bitcoin bull Willy Woo is updating his Bitcoin forecast. According to the analyst, only one black swan can break the $ 29,000 level in Bitcoin. Also, according to Willy Woo, the Bitcoin price could rise above $ 200,000 in the current cycle.
Willy Woo: Only a black swan can break $ 29,000 at the Bitcoin price!
WHEN I SEE THIS KIND OF ON-CHAIN MODELS BREAKED ARE WHEN THERE IS LAND SWAN EVENTS LIKE COVID AND THAT MAKES EVERYONE CRAZY. NORMALLY, THEY GO INTO A REALLY DEEP PIT AND THEN RISE AGAIN AND THEN BACK TO THE NORMS THE FOUNDATIONS SAY. BUT AN OUTbreak IN THIS HUNDRED YEARS AND THE MODELS SURVIVED BREAKED. BUT THAT'S WHICH A BLACK SWAN SHOULD DO. TO BREAK ALL YOUR MODELS. IF THAT SUCH OCCURS, THE MODEL IS OR DEGRADABLE, OR IT WILL HIT A BLACK SWAN… IT NEEDS A BLACK SWAN TO DOWNLOAD THE PRICE UNDER 29,000 DOLLARS TO THE GOLD OF THE MODELS I HAVE CURRENTLY HAVE. BUT THIS REALLY IS EXCESSIVE AND DEPENDS ON THE AMOUNT OF INCOMING MONEY.
Willy Woo: Bitcoin price could rise above $ 200,000!
Willy Woo explained that the price target for Bitcoin is constantly changing, but it could rise above $ 200,000. Willy Woo wants to see the coming months before making a precise price prediction on the leading cryptocurrency. Willy Woo adds the following to his comments on the subject:
THE PRICE TARGET BEGINS TO MOVE WITH PRICE EVERY DAY, THEN IT IS ADJUSTED CONTINUOUSLY. WE CAN LOOK AT THE TRADING OF BTC AND CURRENTLY OVER 200,000 DOLLARS… 200,000 TO 300,000 USD IS THE BEST POINT, BUT I DO NOT HAVE SUCH PRICE DATA. I WANT TO SEE HOW THIS THING WILL GO IN THE PREVIOUS THREE TO SIX MONTHS, AND THEN WE WILL HAVE SOMETHING REALLY SOLID. BECAUSE BITCOIN WILL APPROACH TO THE HIGHEST TARGET.