Bitcoin bull and analyst Willy Woo is explaining why he believes the leading cryptocurrency’s bull run is just getting started.
In a new interview on the Unchained podcast with Laura Shin, Woo says that according to his Bitcoin Top Cap Model, the leading cryptocurrency is set to hit a six-figure price.
The Top Cap model is a price-prediction mechanism based on moving averages.
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“Essentially the Top Cap model is a model that uses the theory of mean reversion. And in simple language, what that means is that it’s a theory that the price of an asset always reverts to the long-term average of the entire history of the data set…
We don’t know how it [Bitcoin] will trade through the next 12 months. But you can gauge it from historical sort of movements of Bitcoin price and make a guess of where the arc is going…
If we don’t arc upwards and we assume the top of the
