The cryptanalyst: Bitcoin still not found its bottom
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The Market will fall still long enough. According to analyst Willy Wu, traders should not rely on a sharp increase in the very near future. Cryptocurrency every day delivers new features «weakness» and was still not ready to enter into the next parabola.
The Point of view of Wu tried to refute the founder of Scup Renato Shirakashi. In the public discussion, the expert explained why Bitcoin will not fall even lower in the next few months.
theWho is right?
Originally Shirakashi publicly expressed his skepticism about the predictions of another criptonita Tony Weiss. We will remind, last year Weiss about the possibility of draining the Bitcoin prices down to $ 1,000. In the worst scenario of events, the value of the asset may return to three-digit numbers.
I have great respect for Murad Makhmudov, David Puella, Willie Woo and Tony Weiss, but I have to disagree with them. We have reached the bottom of Bitcoin.
According to Shirakashi his words can be confirmed by positive indications from technical indicators on the charts coins. However, Willy Woo calls in advance not to succumb to excessive optimism.
To be able with full confidence to speak about the end of the bear market, the volume of coins, changing the owner, should be permanent. Now this value is unstable, the same it was a few months ago during the midst of a bear market.
Is the bottom in? Not yet.
In order for the bottom to be in, the volume of coins changing hands becomes steady, currently it's very erratic, synonymous with middle of the bear detox. (In this chart I'm tracking the volatility of on-chain volume).
— Willy Woo (@woonomic)
Point of view, Wu coincides with the projection CEO Vinny Lingam. We will remind, last year he that the Bitcoin for a long time will trade below $ 5,000 in a sideways motion. Renato Shirakashi also not counting on a sharp increase in the near future. According to him, even if Bitcoin has already reached the bottom, it does not mean the beginning of bullrun.
How do you feel you have the bottom already? Please share your answers in cryptodata .
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