Popular crypto analyst Willy WooThe recent trends accumulating in Bitcoin (BTC) mean that the bull run in the leading crypto asset could continue for another year.
Woo, long term Bitcoin (BTC) He noted that holders hold more assets compared to previous bull cycles, which bodes well for further appreciation of the asset.
According to the analyst, the new “high net worth” long-term investors in Bitcoin are creating significant buying pressure in Bitcoin.
“From the fourth quarter of last year, we’ve seen the last generation of these ‘long-term investors’ (referring to later-seen investors) effectively start selling. These people are here to buy. These people were high net worth buyers. These were family offices, high-net-worth individuals who bought a substantial amount, like $1 million in risk, at a time. So they weren’t retail and they were buying, they were buying more…”
According to Woo, the new wave of investors in Bitcoin are now “long-term” owners and that these people BTC priceHe thinks they will be able to create the momentum necessary for the company to exceed $100,000.
The analyst stated that what he saw on-chain indicates a long cycle that could potentially take another year.
“I am confident that BTC will reach six digits in the next six months! What, another 50% climb? I believe we will definitely do that in the next six months. We’ll probably see things all right in a month or two or a week or two much sooner.
This is a “high-reliability metric”, so the bull run may continue for the next six months or more (one more year).
If you want to save, now is the right time. What we’re going through right now was a reaccumulation phase, definitely not a bear market.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.