According to Willy Woo, the bearish trend will not greatly affect bitcoin

According to Willy Woo, the bearish trend will not greatly affect bitcoin

user avatar

by dapp_writer005

4 years ago

Willy Woo - one of the most popular figures in bitcoin and cryptanalysis, who indicates that the current bear market has not been as strong as the past ones.

Previously, BTC cycles bottomed out with about 60% of the coin trading at a price lower than their purchase. Whether this will happen again, the analyst does not predict, since the components of the market are different now.

Previously, traders sold coins in the bear market that were in the red zones. This is not observed now.

Willie Woo thinks bearish trend won't affect bitcoin much - news

Woo - not the only one who allows bitcoin to fall another level. Crypto analyst Nicholas Merten noted that the emergence of a new crisis stage could lead to a drop in the BTC price to $ 13,000.

On the evening of October 5, the price of bitcoin consolidated above $ 20,000 with a weekly increase of 5.6%.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other articles

Credbull Finance — How Private Credit Tokenization and RWA Work

chest

Explore Credbull Finance, its private credit RWA model, credit assets, on-chain infrastructure, LiquidStone products, yield structure, regulation, and key risks.

user avatarElena Ryabokon

Agora AUSD Stablecoin — How It Works, Backing, Blockchains and Risks

chest

Explore Agora AUSD, an institutional stablecoin: how it works, reserve backing, blockchain infrastructure, regulation, use cases, integrations and key risks.

user avatarElena Ryabokon

Pixels Land Expansion Explained: Farm Land, PIXEL Token and GameFi Mechanics

chest

Explore Pixels Land Expansion: NFT Farm Land, free Speck Farms, land rentals, farming, resources, PIXEL token, GameFi economy, and the role of Ronin.

user avatarElena Ryabokon

World of Dypians v2 Explained: Gameplay, WOD Token, NFTs and opBNB Integration

chest

Explore World of Dypians v2: gameplay, opBNB and BNB Chain integration, WOD token, NFTs, GameFi economy, Web3 mechanics, and key risks of the blockchain game.

user avatarElena Ryabokon

Hashnote USYC Explained: How the Yield-Bearing Asset Works and Generates Returns

chest

Explore Hashnote USYC, how the yield-bearing token works, where its returns come from, its connection to US Treasuries, USDC and Circle, use cases, and key risks.

user avatarElena Ryabokon

How Franklin OnChain U.S. Government Money Fund Works: BENJI, Blockchain and RWA

chest

Explore Franklin Templeton FOBXX, the BENJI token, blockchain infrastructure, U.S. government securities, tokenization, RWA use cases, risks and fund mechanics.

user avatarElena Ryabokon

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.