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On-Chain-Analyst Willy Woo


 

The on-chain analyst Willy Woo assumes that the Bitcoin price will experience a major rally in the first quarter of 2022. In January and February, the Bitcoin course should be interesting again.


In an interview with Scott Melker, also known as "The Wolf of All Streets", the analyst said that the BTC price could experience a massive price increase in the first two months of the new year. Most recently, we experienced a decline in the price of the oldest cryptocurrency, which was accompanied by an accumulation phase. Accordingly, “the momentum” for the Bitcoin price rally should be strong.


Bitcoin has not yet completed the bullrun

Willy Woo explains that Bitcoin has not yet completed the bullrun. Rather, according to Woo, we are in an accumulation phase after a sell-off in May.


“This is the phase when everything is strong. This is the main phase of the bull market. We are not there yet, we are recovering and preparing for it. I think we won't be ready until 2022 - the early phase, January [and] February could be interesting. "


For Willy Woo, the increasing accumulation of coins by long-term holders shows a strong trend. “If we look at the next six months, structurally the price is pretty strong. What makes me confident is the fact that really many coins have been moved to long-term owners who have held their coins for five months or more, and have thus achieved maximum accumulation. "


The Bitcoin price is currently at $ 46,000 and has been in an unexciting sideways movement since the beginning of December.


Brock Pierce – Bitcoin Kurs Prognose 200.000 USD in 2022

The American entrepreneur Brock Pierce is similarly bullish. According to him, rising inflation and the continued printing of fiat currencies should help the Bitcoin rate to new highs. Pierce anticipates that the BTC price will rise into the five-digit range in 2022 and could even form a new all-time high at $ 200,000 for a short time.


“I wouldn't be surprised if we saw a Bitcoin price of over $ 100,000. It is even conceivable that it will briefly exceed the US $ 200,000 mark. "


But not only the Bitcoin price should reach new record numbers, but also the general market capitalization of the crypto market. Bitcoin billionaire and former Bitmain CEO Jihan Wu told Forbes:


"We believe that crypto and blockchain together will grow rapidly to $ 10 trillion in the future."

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