New Bitcoin Price Model Suggests ‘Exponential’ Bull Run in One Month

On-chain analyst Willy Woo published a new Bitcoin price model showing a new BTC bull run could begin in 30 days.

Woo said: “This is a new model I’m working on, it picks the start of exponential bull runs. Bitcoin was setting up for a bullish run until the COVID white swan killed the party. This model suggests we are close to another bullish run. Maybe another month to go.”

Bitcoin has shown a relatively low level of volatility for well over a month, defending the $9,000 support level. And If the price of Bitcoin remains stable for longer, Woo said that it could strengthen the next breakout.