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Bitcoin in Midst of Multi-Month Accumulation Bottom Despite FTX Debacle: On-Chain Analyst Willy Woo
A popular on-chain analyst believes that Bitcoin (BTC) ikwinkqubo yokukrola umzantsi emva kokuwa kwe-FTX ephezulu.
In a recent interview with crypto analyst Scott Melker, Willy Woo says on-chain signals are telling him that Bitcoin has a lot of buyers at BTC’s current price range even after the implosion of FTX.
Ngokomhlalutyi, Bitcoin is now trading sideways between a narrow range of $16,000 to $18,000.
Wathi Woo,
“Ngokuqinisekileyo izalathi endinazo ziyabonisa, xa ubona inkozo eninzi ishukuma kwaye ixabiso lisiya ecaleni, luphawu oluqinisekileyo lokuqokelelana. Kwaye oko kwenzeka. Ndiyayilandela. Kungenxa yoko le nto ihamba ecaleni ...
Izalathi bezisezantsi. Ingakumbi enye [endiyijongileyo] yayilubonelelo oluphantsi kwamanzi. Wonke umjikelo omnye, kukho i-trendline. Ijonge ezantsi, ijonge ezantsi kwaye xa loo mzila wendlela uqhekeka ukuya phezulu, ihlala isenzeka embindini wendawo yokuqokelela. Kwaye yaphuka kuloo macala phambi kwe-FTX debacle.
Ke leyo eneneni imbono yam kukuba besilungiselela isigaba esifanelekileyo sokuqokelela. Sakha olo qokelelo lweenyanga ezininzi. Kwaye emva koko, ‘Wham!’ saba nomnye umjikelo wokunciphisa, kodwa ukufumba kusaqhubeka. Ke ndicinga ukuba besilungiselela ibhendi esecaleni yeedola ezili-18,000 ukuya kwi- $24,000 kwiinyanga ezimbalwa ezingakumbi. Kwaye ke sayibetha loo nto. Ukuxhatshazwa kwenzeka. Ke ngoku siqhuba oko kwi-16,000 yeedola ukuya kwi-18,000 yeedola ngoku. ”
Ngexesha lokubhala, Bitcoin is changing hands for $17,250, up 1.62% on the day.
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