{"id":596811,"date":"2024-03-08T03:00:59","date_gmt":"2024-03-08T03:00:59","guid":{"rendered":"https:\/\/uniquehot.com\/?p=596811"},"modified":"2024-06-11T08:32:08","modified_gmt":"2024-06-11T08:32:08","slug":"analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally\/","title":{"rendered":"Analyst Predicts: Bitcoin On The Brink Of A Monumental Rally – Here\u2019s Why"},"content":{"rendered":"

Willy Woo, a crypto analyst, has captured<\/a> the crypto community’s attention with his latest view on Bitcoin (BTC), suggesting an impending significant surge for the asset.<\/p>\n

This optimism follows the approval of spot Bitcoin ETFs, which Woo believes would channel more substantial capital into the market, potentially catalyzing a “monumental rally” in Bitcoin’s value.<\/p>\n

Related Reading: The $69,000 Bitcoin Question: Expert Forecasts When Price Will Breakout<\/a><\/div>\n

Beyond Technical Analysis: Market Sentiments And Prediction<\/h2>\n

Willy Woo took to X to share his analysis, drawing on Bitcoin’s historical performance to shed light on its future trajectory. Woo reminisced about July 2010, when Bitcoin’s value was a mere 0.7 cents, and how it saw a tenfold increase in just five days, followed by a 1,000x growth over the next two years.<\/p>\n

The analyst also attributed this growth to Bitcoin’s exposure to global liquidity, notably through its integration with the Mt. Gox exchange platform. Today, Woo sees a parallel scenario, albeit on a much grander scale, with Bitcoin gaining listings on global stock markets and overseeing around $100 trillion in capital.<\/p>\n

According to Woo, the influx of interest and investment from these quarters could dwarf<\/a> the technical analysis charts that currently signal overbought conditions. This would be reminiscent of the late 2020 cycle, when Bitcoin attracted significant spot purchases from high-net-worth individuals.<\/p>\n

\n

Jul 2010, BTC was 0.7 cents, it popped 10x in 5 days, then another 1000x 2 years following.<\/p>\n

Why?<\/p>\n

BTC was introduced to global liquidity with the advent of MtGox.#Bitcoin<\/a> just got listed on the worlds stock markets which holds ~$100T of capital, and they are piling in. pic.twitter.com\/m7yxyUudK7<\/a><\/p>\n

\u2014 Willy Woo (@woonomic) March 7, 2024<\/a><\/p><\/blockquote>\n

While Willy Woo points to the structural conditions setting the stage for Bitcoin’s rally, other market analysts and traders are making their predictions. Peter Brandt, a well-regarded figure in the trading community, has also shared his perspective on Bitcoin’s potential for growth.<\/p>\n

Brandt’s analysis suggests that if the bull trend post-April 2024 mirrors the momentum observed since the November 2022 low, Bitcoin could reach as high as $150,000 by October 2025<\/a>.<\/p>\n

\n

When Bitcoin has a sudden and sharp shake-out decline, the market is just winking at you $BTC<\/a>https:\/\/t.co\/Qip2tQ5h44<\/a> pic.twitter.com\/KSbGYvTFlW<\/a><\/p>\n

\u2014 Peter Brandt (@PeterLBrandt) March 6, 2024<\/a><\/p><\/blockquote>\n

Bitcoin Contrasting Views And Market Indicators<\/h2>\n

Amid the bullish forecasts<\/a>, contrasting views and indicators suggest a more cautious outlook<\/a>. Crypto analyst and trader Ali has recently identified potential signs of an impending price retracement for Bitcoin.<\/p>\n

\"Bitcoin
BTC price is moving sideways on the 2-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Utilizing the Tom DeMark (TD) Sequential indicator, Ali noted a sell signal on Bitcoin’s daily chart. This development warrants close monitoring, given the indicator’s track record of accurately predicting Bitcoin trends since the start of the year.<\/p>\n

Related Reading: Buckle Up: Bitcoin Set To Smash $150,000 Mark, Says Trading Guru \u2013 Here\u2019s When<\/a><\/div>\n

Earlier instances saw a buy signal in January preceding a 34% price increase, while a 4% price drop followed a sell signal mid-last month. As the TD Sequential develops a sell signal, there’s speculation about a possible short-term correction for Bitcoin.<\/p>\n

\n

The TD Sequential indicator flashed a sell signal on the #Bitcoin<\/a> daily chart, which warrants close attention!<\/p>\n

Boasting a strong track record in predicting $BTC<\/a> trends since the year’s start, this indicator previously signaled a buy in early January, preceding a 34% surge, and\u2026 pic.twitter.com\/T7DIjiCxzv<\/a><\/p>\n

\u2014 Ali (@ali_charts) March 5, 2024<\/a><\/p><\/blockquote>\n

Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"

Willy Woo, a crypto analyst, has captured the crypto community’s attention with his latest view on Bitcoin (BTC), suggesting an impending significant surge for the asset. This optimism follows the approval of spot Bitcoin ETFs, which Woo believes would channel more substantial capital into the market, potentially catalyzing a “monumental rally” in Bitcoin’s value. Related Reading: The $69,000 Bitcoin Question: Expert Forecasts When Price Will Breakout Beyond Technical Analysis: Market Sentiments And Prediction Willy Woo took to X to share his analysis, drawing on Bitcoin’s historical performance to shed light on its future trajectory. Woo reminisced about July 2010, when Bitcoin’s value was a mere 0.7 cents, and how it saw a tenfold increase in just five days, followed by a 1,000x growth over the next two years. The analyst also attributed this growth to Bitcoin’s exposure to global liquidity, notably through its integration with the Mt. Gox exchange platform. Today, Woo sees a parallel scenario, albeit on a much grander scale, with Bitcoin gaining listings on global stock markets and overseeing around $100 trillion in capital. According to Woo, the influx of interest and investment from these quarters could dwarf the technical analysis charts that currently signal overbought conditions. This would be reminiscent of the late 2020 cycle, when Bitcoin attracted significant spot purchases from high-net-worth individuals. Jul 2010, BTC was 0.7 cents, it popped 10x in 5 days, then another 1000x 2 years following. Why? BTC was introduced to global liquidity with the advent of MtGox.#Bitcoin just got listed on the worlds stock markets which holds ~$100T of capital, and they are piling in. pic.twitter.com\/m7yxyUudK7 \u2014 Willy Woo (@woonomic) March 7, 2024 While Willy Woo points to the structural conditions setting the stage for Bitcoin’s rally, other market analysts and traders are making their predictions. Peter Brandt, a well-regarded figure in the trading community, has also shared his perspective on Bitcoin’s potential for growth. Brandt’s analysis suggests that if the bull trend post-April 2024 mirrors the momentum observed since the November 2022 low, Bitcoin could reach as high as $150,000 by October 2025. When Bitcoin has a sudden and sharp shake-out decline, the market is just winking at you $BTChttps:\/\/t.co\/Qip2tQ5h44 pic.twitter.com\/KSbGYvTFlW \u2014 Peter Brandt (@PeterLBrandt) March 6, 2024 Bitcoin Contrasting Views And Market Indicators Amid the bullish forecasts, contrasting views and indicators suggest a more cautious outlook. Crypto analyst and trader Ali has recently identified potential signs of an impending price retracement for Bitcoin. Utilizing the Tom DeMark (TD) Sequential indicator, Ali noted a sell signal on Bitcoin’s daily chart. This development warrants close monitoring, given the indicator’s track record of accurately predicting Bitcoin trends since the start of the year. Related Reading: Buckle Up: Bitcoin Set To Smash $150,000 Mark, Says Trading Guru \u2013 Here\u2019s When Earlier instances saw a buy signal in January preceding a 34% price increase, while a 4% price drop followed a sell signal mid-last month. As the TD Sequential develops a sell signal, there’s speculation about a possible short-term correction for Bitcoin. The TD Sequential indicator flashed a sell signal on the #Bitcoin daily chart, which warrants close attention! Boasting a strong track record in predicting $BTC trends since the year’s start, this indicator previously signaled a buy in early January, preceding a 34% surge, and\u2026 pic.twitter.com\/T7DIjiCxzv \u2014 Ali (@ali_charts) March 5, 2024 Featured image from Unsplash, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":558480,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,678,679,1119,78790,6664,26263],"class_list":["post-596811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-prediction","tag-bitcoin-price","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-analyst"],"acf":[],"yoast_head":"\nAnalyst Predicts: Bitcoin On The Brink Of A Monumental Rally - Here\u2019s Why<\/title>\n<meta name=\"description\" content=\"Willy Woo, a crypto analyst has captured the attention of the crypto community with his\u00a0latest projection on Bitcoin (BTC) suggesting an...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analyst Predicts: Bitcoin On The Brink Of A Monumental Rally - 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Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Predicts: Bitcoin On The Brink Of A Monumental Rally – Here\u2019s Why","url":"http:\/\/uniquehot.com\/news\/analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Price-Tide.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Price-Tide.jpg?fit=900%2C600"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin prediction","bitcoin price","btc","btcusdt","crypto","crypto analyst"],"dateCreated":"2024-03-08T03:00:59Z","datePublished":"2024-03-08T03:00:59Z","dateModified":"2024-06-11T08:32:08Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Predicts: Bitcoin On The Brink Of A Monumental Rally – Here\\u2019s Why\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/analyst-predicts-bitcoin-on-the-brink-of-a-monumental-rally\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-Price-Tide.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Bitcoin-Price-Tide.jpg?fit=900%2C600\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin prediction\",\"bitcoin price\",\"btc\",\"btcusdt\",\"crypto\",\"crypto analyst\"],\"dateCreated\":\"2024-03-08T03:00:59Z\",\"datePublished\":\"2024-03-08T03:00:59Z\",\"dateModified\":\"2024-06-11T08:32:08Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/10\/Bitcoin-Price-Tide.jpg?fit=900%2C600","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/596811"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=596811"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/596811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/558480"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=596811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=596811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=596811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}