Willy Woo Believes Bitcoin Will Hit $135k in This Bull Cycle
Recently one of the industry’s best-known analysts has confirmed that Bitcoin(BTC) is heading to at least $100,000 during the bull cycle already. As speaking to RT financial news show the Keiser Report on 3rd of March, BTC/USD hitting 135,000 is now a common prediction as per Willy Woo.
Although Woo also highlighted that BTC could clinch $250k as seeing the current trends in the market. Explaining that Bitcoin ebbed and flowed in line with the four-year cycles of its block reward halvings, Woo likened new highs in BTC/USD to water “sloshing” in a bathtub.
While he further added that best guess is above $100,000. And the predictions can be easily made for the BTC/USD pair to trade at 35x of the average price cape.
Willy marked that he is waiting for the time around which the currency would easily range from $100,000 to $250,000 based on the bull market run.
Woo continued further as the trading continued to trade for 200 days moving average with a noticeable loss over a week.
At the same time, several industry figures have delivered buoyant price forecasts for the rest of the year, while technical forecasts suggest that current price performance is exactly on the schedule before May’s block reward halving.
