Willy Woo, a popular Bitcoin analyst, has presented us with what appears to be a new BTC pricing model to pinpoint the exact times when exponential bull runs begin. If the model is correct, the next “bull run” could arrive very soon.
This is a new model I’m working on, it picks the start of exponential bull runs.
1) Bitcoin was setting up for a bullish run until the COVID white swan killed the party.
2) This model suggests we are close to another bullish run. Maybe another month to go. pic.twitter.com/wmoEdMVywF
– Willy Woo (@woonomic) June 27, 2020
According to Woo, its new model shows that Bitcoin was preparing for a new major bull run before the COVID-19 crisis, which finally led to the stock market crash of March 12, dubbed the “Black Thursday of crypto”. But now that this has passed, we are once again close to an exponential rise, Willy Woo estimating that we have “maybe a month more” before that happens.
The new price model seems to have correctly identified the start of the previous four exponential increases in 2012, 2013, 2016 and 2019.
However, apart from the screenshots shared on Twitter, details on the new model, on which Woo says “working”, are still scarce.
Read also: The price of Bitcoin has outperformed gold by 100% this year.
In elaborating on the model, Mr. Woo described the drop in price linked to COVID in March as “a case of a model rupture”, while explaining that the more time it takes before the next bull market, the more the price will increase once it arrives.
“A long strip of lateral accumulation is ultimately a good thing,” wrote the popular analyst.
The longer this bull market takes to wind up, the higher the peak price (Top Cap model). A long sideways accumulation band is ultimately a good thing. pic.twitter.com/mZV2Sx2t8T
– Willy Woo (@woonomic) June 27, 2020
Willy Woo is a longtime Bitcoin investor who has become a leader in the BTC community after creating several bitcoin price models and indicators. Among them, the famous Network Value to Transactions (NVT) ratio, which calculates the ratio between the dollar value traded on the Bitcoin network and the price of BTC. He is also the author of Bitcoin Difficulty Ribbon.
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