Popular cryptocurrency expert Willy Woo believes that in a year the Bitcoin rate will reach $200,000. And this is the most conservative of his predictions.
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. However, he does not deny the likelihood that BTC will soar up to $300,000.
“The current average purchase price of Bitcoins in the market is $7456. You are all just geniuses! I have never been so optimistic. This phase of Bitcoin re-accumulation coincides with the depletion of cryptocurrency reserves in the derivatives market. Get ready for massive BTC growth. Everything points to a continuation of the bullish cycle in 2021,” Woo 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 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 of events, BTC can conquer the $280,000 mark.
