Willy Woo, a cryptocurrency analyst, says that even in modest estimations, data shows that the bull season is 99 percent in.
Bitcoin's 200-day moving average shows we've almost entered a bull market.
The dreaded crypto winter seems to be finally coming to an end, as recent data from almost all price trackers showed a Bitcoin bull run that has left even the most optimistic analysts in awe.
Willy Woo, a prominent crypto analyst and Twitter personality, leads the way when it comes to optimism regarding Bitcoin.
On May 13th, Woo tweeted that crossing the 200-day moving average is an almost certain sign of a bull run.
In BTC's 10yr trade history, crossing above the 200 day moving average for any sizeable time has signaled bull season.
Even a super conservative trend line support puts us above the 200DMA. Bull season is now 99%. pic.
In a follow-up tweet, Woo explained that reaching the 200 daily moving average happened many times in Bitcoin's history, but the only way it could lead up to a bull market is if Bitcoin remained above that line for more than 8 weeks.
Willy Woo May 14, 2019.Only one thing missing to call for a 100% bull season.
While Woo's prediction is in line with the one he made in April, where he said he was 95 percent sure the bear market has bottomed out, he still isn't absolutely convinced.
Goodbye bear market? Top bitcoin analyst says bull season is 99% in
Published on May 15, 2019
by Cryptoslate | Published on Coinage
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