Bitcoin hitting $200K by December 2021 is now ‘conservative’ — Willy Woo

[rakitzogi]

Bitcoin hitting $200K by December 2021 is now ‘conservative’ — Willy Woo

BTC/USD is more likely to reach $300,000 in a year’s time, the popular analyst says, thanks to an “amplified bullish feedback loop.”

Bitcoin (BTC) hitting $300,000 in just one year’s time is “not out of the question,” popular statistician Willy Woo says.

In a series of tweets on Dec. 1, Woo stated that he has “never been so bullish” on Bitcoin’s prospects for 2021.

Woo eyes “amplified bullish feedback loop”
Discussing potential price trajectory, he confirmed that he was looking at six figures by December next year.

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

Woo used his technical Top Cap metric to deliver the forecast. Despite being what his analytics website Woobull calls “experimental,” Top Cap has accurately matched price tops in the past.

Lastly, the dollar gain in Bitcoin’s market cap for each dollar invested this cycle has outpaced the 2013 and 2017 bull runs.

“All pointing to reflexivity increasing; an amplified 2021 bullish feedback loop,” Woo concluded.

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