Willy Woo: Bitcoin’s exponential bull run has not yet begun
On April 22nd, crypto analyst Willy Woo tweeted that according to his BTC price model, the index-style bull market for Bitcoin has not yet started. He explained that this cycle may be a hybrid of strong demand in 2013 and a spot-dominated market in 2017. His model is based on a combination of three different price models: VWAP price of on-chain "investor" trading volume, realized price (cost basis), and CVDD price of old hands selling (also known as the "bottom" model).
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