Willy Woo, Bitcoin analyst and managing partner at CMCC Crest, said it is still early in the Bitcoin bull market as prices BTC At the $70,000 level, the dollar is equivalent to the $20,000 level of the previous bull run.
Even though Bitcoin has surpassed the $70,000 level, the bull cycle has only just begun. According to Woo’s pricing model, which is based on a combination of different indicators set to measure investor behavior.
Bitcoin price could reach $337,000 in the “upper bound” of the current cycle, according to popular BTC price analyst Willy Woo.
Additionally, the Bitcoin Macro Index broke through the upper blue bar. (as shown in the picture below) this week, which is a sign that “We are in a full-blown fundamentals-driven bull market,” Woo said.
As for analysts at Rekt Capital, hewriteIn a March 11 post,
Meanwhile, Bitcoin analyst Dave the Wave said that Bitcoin could reach $170,000 by May. If the upward momentum continues Based on technical indicators such as the weekly Moving Average Convergence Divergence (MACD), traders often use MACD to assess possible entry and exit points. According to analystswritein Post X on March 11
refer : cointelegraph.com
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