RATE Group | Bitcoin Hitting $135K This Bull Cycle Is ‘Common Sense’ — Willy Woo
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Bitcoin Hitting $135K This Bull Cycle Is ‘Common Sense’ — Willy Woo

04 Mar Bitcoin Hitting $135K This Bull Cycle Is ‘Common Sense’ — Willy Woo

Posted at 12:01h in Bitcoin News by

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Bitcoin (BTC) is heading to at least $100,000 during the bull cycle which has already begun, one of the industry’s best-known analysts has confirmed.

Speaking to RT financial news show the Keiser Report on March 3, Willy Woo said that described BTC/USD hitting $135,000 as a “common-sense prediction.”

Woo to Keiser: BTC could soon clinch $250K

Woo highlighted the cumulative average Bitcoin price as a particularly effective metric for forecasting future gains. 

“You go could 35 times the cumulative average of the price — and that’s actually picked every single top in the ten-year history of Bitcoin — right now that’s sitting above $50,000, but it keeps climbing the longer it runs for,” he told host Max Keiser.

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.

“If you make a best guess, it’s above $100,000; I think one of the more common-sense…

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