High-volume candles associated with Bitcoin price dips already occurred on derivatives exchanges this time round, Willy Woo notes.
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High-volume candles associated with Bitcoin price dips already occurred on derivatives exchanges this time round, Willy Woo notes.
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The massive upside move comes as a part of a rebound that started Friday after Electric Coin Company discussed the prospects of moving Zcash to proof-of-stake.
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$42,000 is becoming an increasingly important battleground for Bitcoin bulls and bears.
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Analyst Willy Woo highlights three on-chain indicators that track the flow of Bitcoin tokens across wallets, each illustrating why the benchmark cryptocurrency could explode higher.
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The supply shock is being unnoticed similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo.
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Those that are never gonna give up BTC are still accumulating according to the analyst.
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BTC price rebounding back to $40,000 is just one of the few signs that the bears may be exhausted.
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The classic end of a Bitcoin bull run, a “mania top,” has not appeared yet, while fundamentals are unchanged in their outlook, says Willy Woo.
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Real Vision’s Raoul Pal believes that altcoins with an active ecosystem of devs and apps will likely beat out Bitcoin over time.
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