Willy Woo, one of the leading analysts of the cryptocurrency market, shared bear and bull scenarios for Bitcoin.
Willy Woo posted on his Twitter account on December 8: in sharingBitcoin bull and bear He included remarkable statements about his scenarios.
Analyst, Bitcoin “bullish” He explained his situation as follows:
- Interest rates are falling
- Global liquidity returns
- Dollar index peaked
- Spot ETFs to be approved soon
- MicroStrategy’s Bitcoin purchases pave the way for other companies
- Bitcoin’s supply is decreasing
- Peter Schiff talking about gold’s high but not Bitcoin
- US senator Elizabeth Warren suggests purchasing Bitcoin to increase North Korea’s national security
Willy Woo also owns Bitcoin to the bear scenario also included:
- Downward technical analysis data
- Spot flows on exchanges
- The “gap” of $39 thousand in the CME futures Bitcoin fund
- The possibility of a downward movement to close long positions
The analyst offers important arguments about which direction Bitcoin will go.