Who knows what this Willy Woo does? I saw a news report today saying that he said that the sell-off has peaked and will rise afterwards. Seeing how confident he said it, he must be a big shot, right? I hope he won’t be like that divine fish a few days ago, who was slapped in the face just after saying that Bitcoin would rise to 1.5 million! Haha
Willy Woo: Bitcoin cumulative volume incremental sell-off has peaked, and will enter the rising phase afterwards
According to the news, Willy Woo tweeted that the current Bitcoin cumulative volume incremental (CVD) sell-off has peaked, and will enter the rising phase afterwards, but it will still take several weeks to form a proper bullish environment. On the one hand, the Bitcoin halving is coming, and on the other hand, the longer Bitcoin consolidates near its all-time high price, the more coins will be transferred between investors, and once it breaks through, it will form long-term support. If it is liquidated at a lower price and falls below the $59,000 support level, then a bear market may come.
Note, the cumulative volume incremental (CVD) indicator is a technical analysis tool mainly used in trading markets (including cryptocurrencies), which measures and tracks the cumulative difference between buying and selling volumes in the long-term market.
