Willy Woo: “I’ve never been so bullish for 2021“

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• Willy Woo believes that the leading cryptocurrency reaching $300,000 in 2021 isn’t completely unreachable.

• Writing in a thread of tweets earlier this week on the 1st of December, the analyst said that he has “never been so bullish“ when it comes to bitcoin and how it will perform in 2021.

Well-known analyst and Twitter commentator Willy Woo believes that the leading cryptocurrency reaching $300,000 in 2021 isn’t completely unreachable.

Writing in a thread of tweets earlier this week on the 1st of December, the analyst said that he has “never been so bullish“ when it comes to bitcoin and how it will perform in 2021.

He even went on to add that he was looking at a six-figure bitcoin by December next year.

“My Top Model suggesting $200K per BTC by end of 2021 looks conservative, $300K not out of the question.”

Before we go any further though, it is worth noting that we are not financial advisors and this is not financial advice. Investing in crypto can be very risky so it’s always worth doing your research before putting your money into a digital asset such as bitcoin.

Bitcoin has had an exciting few weeks. At the start of last month, the United States presidential election pushed bitcoin to new heights and since then, it hasn’t stopped growing. Earlier this week, the leading coin was rejecting the $20,000 key resistance level but many people are still very excited about it surpassing this price range in the near future.“ 

Woo said,

I've never been so bullish for 2021. This re-accumulation phase coincides with spot market inventory depletion roughly 2x longer and deeper than the last cycle. It will send BTC. (Data: @glassnode) pic.twitter.com/SThnD2keVB

— Willy Woo (@woonomic) December 1, 2020

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