29 Jul Amid Bitcoin Price Drop, Crypto Analyst Foresees Sustained Rally
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The bitcoin price cratered this weekend, but the bull market is just getting started. That’s the assessment of crypto blogger Willy Woo, who says the downturn is merely a transitional phase before things start heating up again.
‘Long, sustainable bull drive’ to 2020
Woo, a partner at cryptocurrency hedge fund Adaptive Capital, says the latest market drop is laying the foundation for a sustained rally. “Fomo complete, stage set,” he tweeted.
“Stage 1 of the bull market is completing. Once we bottom, stage 2 begins, promising the long sustainable bull drive that takes us through all of 2020 (if BTC continues its personality). Stage 1 was trader-driven dominance squeezing us up and driving fomo.”
Stage 1 of the bull market is completing, once we bottom stage 2 begins promising the long sustainable bull drive that takes us through all of 2020 (if BTC continues its personality). Stage 1 was trader driven dominance squeezing us up and…
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