Popular cryptocurrency analyst Willy Woo (Willy Woo) believes that in a year, the bitcoin exchange rate will reach $200,000. And this is the most conservative of his forecasts.
In a series of posts on Twitter, the analyst wrote that according to his model, $200,000 per bitcoin by the end of 2021 is a conservative forecast. At the same time, he does not deny the probability that BTC will soar to $300,000.
“The current average bitcoin purchase price on the market was $7,456. You’re all just geniuses! I’ve never been so optimistic. This phase of re-accumulation of bitcoin coincides with the depletion of cryptocurrency stocks in the futures market. Get ready for a large-scale growth of BTC. Everything points to the continuation of the bullish cycle in 2021, ” Wu wrote.
Willy Woo is not alone in his predictions. So, another popular analyst and creator of the stock-to-flow (S2F) model for predicting the bitcoin exchange rate, PlanB, believes that by the end of next year, the rate of the first cryptocurrency will reach $100,000. And with a more optimistic development, BTC can conquer the $280,000 mark.