Willy Woo Analyzes The Crypto Market – Consolidation And Sell Off

Source: Pixabay

Analyst Willy Woo is addressing the situation of the crypto market these days. As you know by now, there’s been a strong correction taking place in the crypto market.

Check out the relevant tweet posted by willy Woo about the state of the crypto market.

Someone said: “Can you explain also how Bitcoin never go’s below blow off tops from previous bull run peaks
and correct me if I’m wrong but don’t all bull runs end with blow off tops. Nothing like we have now.”

Another follower posted this messaage: “Peter is never wrong. He’s pointing out we have not had a capitulation volume yet. It’s guaranteed.”

Another follower dropped this messaage: “Looks to me like we are due for a high volume pump up in price. Those high volume dumps look like they came once in each prior year. We had one already in 2021. So maybe we get a pump next then a high volume dump in 2022?”

Bitcoin to see a massive rally

Earlier today, we revealed that according to the online publication the Daily Hodl, crypto analyst Credible said that he believes Bitcoin (BTC) has carved a local bottom and is now poised to ignite a relief rally.

“There is the sweep of our lows I was looking for. Lows swept, Bitfinex bids at $45,000 hit. Now think we are clear for our relief to $55,000+.”

Even if the analyst is long-term bullish on Bitcoin, he sees BTC printing a lower high at $55,000 before another significant correction.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced above $46k.

Previous ArticleNext Article
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.