Bitcoin Bull and Bear Cycles To Become a Thing of the Past, According to On-Chain Analyst Willy Woo

Bitcoin Bull and Bear Cycles To Become a Thing of the Past, According to On-Chain Analyst Willy Woo


On-chain analyst Willy Woo says that pronounced bull and bear cycles will become a thing of the past for Bitcoin.

In a new interview with news personality Natalie Brunell, Woo says that the typical four-year cycles that most analysts observe in Bitcoin will be replaced by a “drunken walk” upward, much like the S&P 500 or other major stock indices.

 

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“The schedule really is for this bull market to peter out around December onwards, and currently, the on-chain data is saying otherwise… 

Now that we’re approaching our fourth quarter the data looks quite different from any cycle we’ve seen before, and people keep thinking that we’ll template this bull/bear cycle to past ones and if you’d look on-chain structurally, everything looks different…

I think it’s a fair chance that we’ll not go into what we think which is a traditional Bitcoin bear market, which generally is a huge retrace of maybe 80% of its value, and it also

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