Bitcoin prices are going to moon according to Willy Woo (analyst)

[Juggy777]

“Dump then [the] moon,” he tweeted. “We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for.”

The above tweet was tweeted by Willy Woo who’s an analyst, and according to the author he had correctly predicted that bitcoin prices will crash.

Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking for a bottom.

Now the same analyst believes that bitcoin prices are bound to shoot upwards, and I’m hoping his prediction comes true like the last one did. What are your thoughts on his predictions, and I’ll be honest I normally don’t like to believe what analysts generally have to say, but I’m trusting my gut and believing in his prediction.

Read the article here: https://www.newsbtc.com/2020/03/18/statistician-who-predicted-bitcoin-crash-says-its-price-will-moon/

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[TheNewAnon135246]

Please move this to the Speculations section. This section is getting littered with price analysis/predictions threads lately.

[katiepower]

It is unlikely that the price of bitcoin will grow in the near future, in the next few months this will not happen for sure.

[mahilchii]

It's really tough to predict anything according to the current market situation, but we might expect the BTC price to go higher around the halving period and honestly we have seen so many speculations like this. I would rather suggest people to go by their own market research and world affairs rather than believing in predictions.

[pawanjain]

We would need stats and facts in order to speculate bitcoin's price and there must be a solid reason why the price would increase.
Though the upcoming is a good reason for a bullish signal but the current Corona situation has taken the whole world down.
We don't know how long will it last and so speculating anything would just be in vain unless the Corona situation is not over.

[kryptqnick]

“Dump then [the] moon,” he tweeted. “We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for.”

The above tweet was tweeted by Willy Woo who’s an analyst, and according to the author he had correctly predicted that bitcoin prices will crash.

Willy Woo, an on-chain analyst who in 2018 forecasted that investors would unwind their leveraged bitcoin positions to seek safety in the US dollar, says the cryptocurrency is looking for a bottom.

Now the same analyst believes that bitcoin prices are bound to shoot upwards, and I’m hoping his prediction comes true like the last one did. What are your thoughts on his predictions, and I’ll be honest I normally don’t like to believe what analysts generally have to say, but I’m trusting my gut and believing in his prediction.

Read the article here: https://www.newsbtc.com/2020/03/18/statistician-who-predicted-bitcoin-crash-says-its-price-will-moon/

Do you know who else predicted the price will crash? Antonopoulos did. And no offense, but I don't trust a random guy I've never heard of. Antonopoulos, on the other hand, is quite reputable within the community. I am not saying that what he says is automatically true, but yesterday I watched a recent interview with him, and his chain of thoughts was convincing to me. Basically, he said that eventually, cryptos will win over fiat, but for now, Bitcoin is as likely to crash as it is to rise when everything else is going down in an event of the world economic crisis which is somewhere close. He also said that Bitcoin is not ready for global adoption, it would not be able to handle all those transactions yet, which is true.
Bitcoin started recovering already, and I hope this process with continue, but perhaps going to the moon is not something we should expect in the near future.

[LFC_Bitcoin]

It is unlikely that the price of bitcoin will grow in the near future, in the next few months this will not happen for sure.

The price has rallied from a $3,800 bottom to $6,000’s you idiot.

The halving is in less than 2 months, it’d be very, very unlikely not to see a large rise before the end of 2020.

[tomahawk9]

Huh, BTC is going up, and at the same time, the financial markets are also in the green (check out stocks and crude oil price)...Hmm.

What does that tell us? is there a correlation there or is it just a coincedence?

[Ozero]

It is unlikely that the price of bitcoin will grow in the near future, in the next few months this will not happen for sure.

If you notice, the price of bitcoin has stabilized over the last week at the level of 5100-5200 dollars, and today bitcoin has risen in price by more than 14 percent and now its price, according to CoinMarketCap, is 5,929 dollars. People have already made their purchases to protect against coronavirus and now there are no special obstacles to the further growth of the cryptocurrency market. Given the first successes in the fight against coronavirus, Bitcoin is already able to continue to grow in price and halving the rewards to miners will have a positive effect.

[BrewMaster]

he doesn't sound like an analyst to be honest. he seems like a day trader with a lot of wishes. before he had a bunch of shorts so he wanted the price to go down and kept repeating it without any analysis. and now that he is done with that, he wants to buy back and see the rewards so he has made a 180 degree turn.

[exstasie]

“Dump then [the] moon,” he tweeted. “We are undergoing flight to safety right now, BTC is looking for its bottom. But know that once the bottom is in there are strong bullish pressures ahead. It’s this economic environment in the years ahead that Bitcoin was built for.”

The above tweet was tweeted by Willy Woo who’s an analyst, and according to the author he had correctly predicted that bitcoin prices will crash.

I'm annoyed that Willy Woo retweeted an August 2018 tweet to make it look like he predicted the March 2020 crash.

He didn't predict the crash at all. In fact, he has been very bullish over the past several months. I get it, he's still bullish. No need to try and act like Nostradamus though.

[davis196]

Huh, BTC is going up, and at the same time, the financial markets are also in the green (check out stocks and crude oil price)...Hmm.

What does that tell us? is there a correlation there or is it just a coincedence?

Who the hell is this Willy Woo guy?I've never heard about him?His opinion doesn't matter to me.
Everything is recovering after the first wave of panic.There might be a second wave of panic.Many analysts predicted that there will be W-shaped price pattern,when is comes to both crypto and stock markets.
First dump,then small and fast recovery(like the one we are witnessing now),then another dump,and a possible slow recovery over the next 2 years.Bitcoin price went up from 5,2K to 6,6K USD really fast,but a lot of traders and newbies will sell their BTC,because they are afraid of another dump.This is definitely not a bullish trend.

[eaLiTy]

Willy Woo who’s an analyst, and according to the author he had correctly predicted that bitcoin prices will crash.

I am not sure whether Willy Woo anticipated a blood bath in the entire financial market like this when he made his predictions but this was a worst case scenario in the form of an epidemic outbreak and the entire financial market was bleeding and it gives everyone the opportunity to invest during that period to wait for the long haul and with halving coming up and with the past market the price usually rallies and this was the right situation for anyone to invest in the market and when everything settles down the market will rally and try to reach the all time valuation and that is my expectation.
 

[carter34]

We would need stats and facts in order to speculate bitcoin's price and there must be a solid reason why the price would increase.
Though the upcoming is a good reason for a bullish signal but the current Corona situation has taken the whole world down.
We don't know how long will it last and so speculating anything would just be in vain unless the Corona situation is not over.

The possibility of a rise is there. At the moment, price has come to 6k plus which is a positive sign. The moment that you start seeing green in this time of corona virus which seem like reducing. Halving is coming soon, I'm positive about this price move because many countries have started the fight on looking for vaccine.

[royalfestus]

I follow willywoo like I do with many bitcoin maximalist and I can say he is not rated in prediction for decision making like its put here. What history does he have in predicting bitcoin price? Any prediction can be reliable in couple of weeks when the virus looks to give an headway on control of spread and available vaccine but for now, the panic is only being control to prevent unnecessary actions by citizens.

[danherbias07]

At the end of the day, it is still a prediction.
For now, I would love to just see bitcoin setting a bottom of $6k.
I will be happy with that. Just don't want it to go lesser than that number anymore. I am in panic at that moment.

Willy Woo or Willy Wonka, it is still difficult to believe such thing as going to the moon.
Maybe setting a new all time high for this year only will be better.

[Dr.Osh]

At the end of the day, it is still a prediction.
For now, I would love to just see bitcoin setting a bottom of $6k.
I will be happy with that. Just don't want it to go lesser than that number anymore. I am in panic at that moment.

Willy Woo or Willy Wonka, it is still difficult to believe such thing as going to the moon.
Maybe setting a new all time high for this year only will be better.

as long as there is no hard evidence about that, don't get your hopes up with high rises. for now, I stopped looking at charts and estimated the price to be very high. I realized that it was very painful when the price we predicted never arrived. so far, I also enjoy the price of bitcoin at $ 6k.

[GreatArkansas]

He is kinda doing a multiple-choice question in exam.
Well, it's really kinda surprised that he was able to predict the crash. But it's kinda predictable after this coronavirus outbreak.
And for me, if Willy Woo is not that kind of famous, he probably not to be well acknowledge on his prediction.
But we are all hoping positive on Bitcoin, after that recent drop last week on around below $4,000.
It's kinda good news for those who were able to buy on those level, let's see how it will go these coming weeks.

[michellee]

The best thing that we can do now is preparing for anything that will happen. We need to stay calm if the price is down again and don't panic because panic will make us cannot see a good chance at the market. You will get your chance to buy bitcoin at a low price, but if you are not ready, you will miss that chance. So as I said before, when you can be ready, you will see that opportunity, and you will not be late to use that moment.

[xvids]

Let's just hope that he is right but I also think that we would start to climb now.
I don't know how high but the price could start to grow soon because of the anticipation of halving and due to the people who would take advantage of the dump.