Willy Woo, a prominent on-chain Bitcoin analyst and author of the “The Bitcoin Forecast,” a market intelligence newsletter, explains the parabolic activity of Bitcoin in the past month. We cover:
● why he thinks Bitcoin has more than doubled in the last month
● what the "double pump" market is and why Bitcoin may see two rallies this cycle
● what stage of the Bitcoin bull market we are currently in
● who is buying, and how they've differed from previous investors
● who still is yet to buy this cycle
● why Bitcoin hitting new all-time highs mean that we're in "uncharted price discovery"
● how his "top cap model" shows Bitcoin could be around $95k by end of year
● and how if certain trends accelerate, it could reach $200,000-$300,000 by year's end
● how the pandemic impacted Bitcoin’s price
● what on-chain movements he's seeing that make him call the current cycle of Bitcoin "whale spawning season”
● how to gauge the increasingly rapid investor activity
● what to expect from Bitcoin and Ethereum in 2021

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Episode links:
Willy Woo:   / woonomic  
Woobull.com: http://charts.woobull.com

Willy on Unconfirmed: https://unchainedpodcast.com/willy-wo...

Fibonacci traces tweet: https://twitter.com/woonomic/status/1...

Bitcoin reflexivity:   / 1  

Who has been buying recently: https://twitter.com/woonomic/status/1...

Double pump bull market: https://twitter.com/woonomic/status/1...

Buying by long-term holders:   / 1  

What percentage of the Bitcoin supply is liquid: https://insights.glassnode.com/bitcoi...

Premium above NVT Price:   / 1  

Accumulation of BTC before the OCC announcement:   / 1  

Will never see a $20k BTC again: https://twitter.com/woonomic/status/1...

Bitcoin as investment vs. tech: https://twitter.com/woonomic/status/1...

NVT Ratio: http://charts.woobull.com/bitcoin-nvt...