Willy Woo is an industry expert with a rich trading past, and he just shared the opinion that Bitcoin is heading right to $100k price level.
Bitcoin could even reach $135k
He talked about the subject with Keiser Report on March 3, and it seems that he believes that BTC could reach $135k due to “common sense.”
He even said that BTC could make it to $250k.
During the talk with Max Keiser, the analyst claimed that Bitcoin’s price could gain 35 times the cumulative average:
“If you make the best guess, it’s above $100,000; I think one of the more common-sense predictions would be around $135,000.”
Coinspeaker writes that such an event is not rare in the history of Bitcoin.
Bitcoin bull run after the halving
More than this, they noted that the new BTC bull run would be going on long after the halving event, which is scheduled for this May.
A lot of crypto analysts have said that we’ll witness a drop in the price of BTC ahead of the halving, and after the event, we’ll see an exponential rise in the price of the most important coin in the market.
“You go could 35 times the cumulative average of the price — and that’s picked every single top in the ten-year history of Bitcoin — right now that’s sitting above $50,000, but it keeps climbing the longer it runs for. I’m looking at around the $100,000 to $250,000 range depending on how long this bull market runs.”
At the moment of writing this article, BTC is trading in the red, and the coin is priced at $7,971.60.
Despite the huge volatility in the crypto market, there have been more optimistic price predictions.
Bitcoin will reportedly hit $400k according to the latest predictions coming from Max Keiser, says Cointelegraph.
This is the very first time when he raises the price target since back in 2012.