Top On-Chain Analyst Thinks Bitcoin Will “Pop” Despite BitMEX News
bitcoin

Top On-Chain Analyst Thinks Bitcoin Will “Pop” Despite BitMEX News

THELOGICALINDIAN - Bitcoin Could Soon Pop Despite BitMEX News Willy Woo

Willy Woo, a arresting Bitcoin analyst, thinks the cryptocurrency is afraid “for all the amiss reasons” in a animadversion on the severity of the BitMEX news.

He thinks that fundamentally, the account is bullish as it may force futures exchanges, which ascendancy the market, to abate manipulation.

Woo added that with this account event, accompanying with on-chain axiological trends assuming that there has been an arrival of new users, should advice to drive Bitcoin higher. He went as far as to say that the cryptocurrency is assertive to “pop” in the abreast future:

Not the Only Remaining Bull

Woo isn’t the alone balderdash in the face of the BitMEX news.

As reported by Bitcoinist previously, Mike Novogratz, CEO of Galaxy Digital and a above Goldman Sachs partner, afresh declared that activity bearish on Bitcoin due to the BitMEX account is aberrant because the amplitude is beyond than already exchange:

Many agreed with the affect Novogratz shared, including Bill Barhydt of Abra and hundreds of users on Twitter, who aggregate and admired the animadversion he shared.