About this episode
Willy Woo, a prominent on-chain Bitcoin analyst and author of the “The Bitcoin Forecast,” a market intelligence newsletter, explains the parabolic activity of Bitcoin in the past month. We cover: why he thinks Bitcoin has more than doubled in the last month what the "double pump" market is and why Bitcoin may see two rallies this cycle what stage of the Bitcoin bull market we are currently in who is buying, and how they've differed from previous investors who still is yet to buy this cycle why Bitcoin hitting new all-time highs mean that we're in "uncharted price discovery" how his "top cap model" shows Bitcoin could be around $95k by end of year and how if certain trends accelerate, it could reach $200,000-$300,000 by year's end how the pandemic impacted Bitcoin’s price what on-chain movements he's seeing that make him call the current cycle of Bitcoin "whale spawning season” how to gauge the increasingly rapid investor activity what to expect from Bitcoin and Ethereum in 2021 Thank you to our sponsors! Crypto.com : http://crypto.com 1inch: http://1inch.exchange Episode links: Willy Woo: https://twitter.com/woonomic Woobull.com : http://charts.woobull.com Willy on Unconfirmed: https://unchainedpodcast.com/willy-woo-on-why-its-an-extremely-great-time-to-buy-bitcoin/ Fibonacci traces tweet: https://twitter.com/woonomic/status/1347433551906500614?s=20 Bitcoin reflexivity: https://twitter.com/woonomic/status/1344189627997949952/photo/1 Who has been buying recently: https://twitter.com/woonomic/status/1347127159538688002?s=20 Double pump bull market: https://twitter.com/woonomic/status/1346889817792004096?s=20 Buying by long-term holders: https://twitter.com/woonomic/status/1346827893322616833/photo/1 What percentage of the Bitcoin supply is liquid: https://insights.glassnode.com/bitcoin-liquid-supply/ Premium above NVT Price: https://twitter.com/woonomic/status/1346797291668029440/photo/1 Accumulation of BTC before the OCC announcement: https://twitter.com/woonomic/status/1346296294797582336/photo/1 Will never see a $20k BTC again: https://twitter.com/woonomic/status/1345660018541019138?s=20 Bitcoin as investment vs. tech: https://twitter.com/woonomic/status/1345221723751206912?s=20 NVT Ratio: http://charts.woobull.com/bitcoin-nvt-ratio/ Learn more about your ad choices. Visit megaphone.fm/adchoices