The renowned analyst believes that the bulls still have the strength to conquer new historical highs.
This week the price of BTC has dipped to $ 30,000. At the time of writing, Bitcoin is trading at around $ 37,000. Analyst Willie Wu believes that it is too early to talk about the end of the rally.
During the YouTube podcast What Bitcoin Did on May 21, Wu noted that many macro indicators are giving positive signals for Bitcoin.
It's just a haircut for derivatives traders in the middle of a bull market. I think we will need time to recover. But in the end, such dumps are good for the overall health of the network.
To the question: "So this is not the end of the bullish rally?", He replied:
Not at all. Judging by the graph, this year we can easily see $ 100,000 per coin.
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According to the materials cointelegraph.com