The optimistic predicitons about Bitcoin continue. Check out what analyst Willy Woo has to say about BTC below.
Bitcoin user number to blow
It’s been just revealed that BTC is currently on pace to hit one billion unique users in the coming years.
Willy Woo said not too long ago that 12% of the world’s population will be using Bitcoin in the next 36 months.
“Bitcoin took six months to get 1,000 users; five years to find one million users. Today, 13.8 years from inception, it has 300 million+ users, 4% of the world. At current growth rates, one billion users will be hit in the next three years.”
He continued and said this:
“To clarify, these are unique users, not addresses.”
Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $19,163.
Bitcoin new rally is underway
It’s been revealed that Justin Bennett said recently that Bitcoin has successfully broken above its diagonal resistance, a trendline that has kept the market bearish since November 2021.
“BTC reversed today right from the linear trend line from the all-time high.”
It’s important to note that the diagonal resistance is out of the way, and Bennett says Bitcoin is gearing up for a nearly 40% rally to his target of around $27,000.
In the short term, however, he said that Bitcoin could still move below $19,000 before starting its rally.
“There’s a liquidity gap at $18,500. Markets are still sideways with lower wicks to fill, and we’re going into a weekend. Not to mention the deviation above $19,540.”
Also, it’s worth noting the fact that Rich Dad Poor Dad author Robert Kiyosaki is issuing a dire warning. He is currently saying investors must protect their wealth from an impending economic collapse.
Stay tuned for more news and keep your eyes on the market.