“I haven’t seen an opportunity like this since 2016, ” said Willy Woo, an experienced analyst who does Bitcoin (BTC) price assessment.
Shared via Twitter on October 7, Woo claimed in his comment that a bullish move for the price of Bitcoin was on the way and that there would be big swings in 2021.
In his message, the analyst noted that he encountered so little potential when watching the Bitcoin market.
The market hasn’t woken up yet
Arguing that the in-chain data that underpins the Blockchain network points to a big price increase, Woo stressed that “the market has not yet woken up.”
Woo added in his tweet that all the data pointed to the Bitcoin rally, but that the market has not yet responded, arguing that ” the reaction will come in 2021.”:
“[ … ] An opportunity I haven’t seen since mid-2016. ”
Why 2021?
Responding to the assessment shared by Willy Woo on Twitter, the user called moonbags said: “if the market hasn’t woken up now, why will it wake up in 2021?” he asked me.
Answering the question, the analyst said::
“The market is not ‘waking up’ because price movements are responding to basic supply and demand data with a delay. The whole market will ‘wake up’ when the bull market reaches crazy levels but it will be too late.”
As previously reported by Coin Otag, analyst Willy Woo explained that the increase in the BTC price has fueled the desire to invest in the longer term. He defended the view that Bitcoin investors are considering longer-term investments than before.
