On-Chain Analyst Willy Woo Updates Bitcoin 2022 Predictions – Here’s His Targets

Closely adopted crypto analyst Willy Woo says that Bitcoin (BTC) is making ready to rally to new all-time highs (ATHs) as we step into a brand new yr.

In an interview on the What Bitcoin Did podcast with Peter McCormack, Woo explains what he expects from the main crypto in 2022.

When contemplating the varieties of price jumps Bitcoin is traditionally able to making, Woo factors out {that a} spike from BTC’s present ATH round $69,000 to, say, $100,000, could be “nothing.”

“Of course, we get an all-time high.”

“If we break the all-time excessive correctly, we run by way of the [fibonacci levels]…

You know, let’s face it, $69,000 to $100,000 is nothing.

It’s solely like a 50% achieve for Bitcoin, which it does fairly readily.”

When pressed particularly on what heights Bitcoin’s 2022 all-time highs could attain, Woo references the stock-to-flow (S2F) mannequin, which predicts an asset’s price by evaluating the quantity of recent provide coming into the market in comparison with the already present provide.

The on-chain analyst says that the S2F ought to act as an anchor on Bitcoin, seeing the price go above and beneath however averaging out on the $100,000 degree in the long run.

“I might say we can be proper in the midst of it,

It’s like in $100,000 by the tip of subsequent yr. 

And whether or not we whip up or down, it may go a lot larger and are available again, 

But roughly the center line is someplace round $100,000.”

Bitcoin is presently buying and selling at $51,769.81, up 3% on the day however down roughly 25% from its ATH.


Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl usually are not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal danger, and any loses you might incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/iurii/Nikelser Kate

Related posts

Department of Justice Seizes Over $28,000,000 in Crypto From Hacker Accused of Serial Ransomware Attacks

Crypto Advisor

Here Are Seven Reasons Why the Crypto Bull Run Will Extend Well Into 2022, According to Trader Lark Davis

Crypto Advisor

Billionaire Chamath Palihapitiya Says Conventional Wisdom on Bitcoin and Crypto Is Wrong Amid Russia’s Invasion of Ukraine

Crypto Advisor

Leave a Comment