Bitcoin Fear Returns, But Willy Woo Says The Bull Market Isn’t Over
By Michael B
Bitcoin sentiment has fallen sharply, but one of the market’s best-known on-chain analysts believes investors may be overlooking an important bullish signal. Rather than treating the latest correction as the beginning of a bear market, Willy Woo argues that fear without new price lows could indicate an opportunity for…
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Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinBull market
A period in which prices in a financial market rise steadily and investor confidence is high.
Bull markets lift the value of savings and pensions invested in shares.
More about Bull marketBear market
A period in which market prices fall substantially, commonly defined as a drop of 20 percent or more from a recent high.
Bear markets often signal economic worries and reduce the value of investments.
More about Bear marketMore in Finance
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