On-Chain Data Suggests Bitcoin Will Rise to $157,000 After ‘Weird Pullback’ Ends: Analyst Willy Woo

On-Chain Data Suggests Bitcoin Will Rise to $157,000 After ‘Weird Pullback’ Ends: Analyst Willy Woo


Popular on-chain analyst Willy Woo says that Bitcoin is poised to hit the six-digit price range once its retracement is over.

Woo says in a new interview with Bitcoin bull Anthony Pompliano that based on on-chain data, he believes it’s only a matter of time before the leading crypto asset kicks off the next phase of its bull market.

 

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“This is a bull market. There’s no mistaking this. We’ve got X-ray vision on what the investors are doing, and it’s bullish whilst price is sliding downwards. I think the next major event is when the fundamentals squeeze price action, and we break out of this what I’d call re-accumulation band right in the middle of a bull market.”

According to Woo, his top model is flashing a new price target for Bitcoin at $157,000. However, he predicts that once Bitcoin resumes its bull trend, he expects the model to hike up the price target.

“If we squeeze out

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