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Top on-chain crypto analyst Willy Woo says that Bitcoin (BTC) is in an accumulation phase similar to the market bottoms of 2015 and 2018.
“$12,000 wouldn’t shock me. $10,000, I think everyone’s wanting and so it usually doesn’t happen what everyone wants. So $12,000 wouldn’t shock me, $12,000, $13,000. It may run away from here or it may drop even further. These are very broad-stroked indicators. But it’s probably not a bad time to dollar-cost [average] in.”
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