Leading on-chain analyst Willy Woo has made a remarkable prediction of when the bear market in Bitcoin (BTC) will end, and when and how the price will bottom out. Willy Woo told his more than a million Twitter followers that he thinks the Bitcoin bear market will be longer than it was in 2018, but shorter than it was in 2015.
“The main question in my mind is how long the accumulation (consolidation) zone of this cycle will be. Looking at all the previous crashes, it seems more like 2013 with the collapse of Bitcoin exchange.”
Woo also shared a chart showing the cost basis of long-term Bitcoin investors (LTHs) who hold their received BTCs for at least 155 days, and short-term Bitcoin investors (STHs) who hold their received BTCs for less than 155 days.
Source: https://www.kitco.com/news/2022-11-29/Bitcoin-climbs-to-16-450-as-several-analysts-warn-about-a-potential-40-pullback.html
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