Forwarded from CryptoCrunchy
Bitcoin (BTC) may have more room to grow as it crosses the $30,000 mark, according to popular on-chain analyst Willy Woo. He suggests that Bitcoin could increase 📈 by over 30% before becoming overbought, potentially reaching $40,000. 🚀
Woo believes that veteran traders are accumulating Bitcoin during price dips and betting on a downtrend in the US dollar index. 📊
He also points out that the recent rally in Bitcoin is attributed to professionals accumulating during a price decline, leading to a short squeeze in the market.⚡️
@Cryptocrunchy
Woo believes that veteran traders are accumulating Bitcoin during price dips and betting on a downtrend in the US dollar index. 📊
He also points out that the recent rally in Bitcoin is attributed to professionals accumulating during a price decline, leading to a short squeeze in the market.⚡️
@Cryptocrunchy
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