Willy Woo, Peter Brandt and other analysts on the upcoming Bitcoin move

Willy Woo, a prominent technical analyst in the cryptography industry, pointed to what he called a "punctuated signature," which describes the point where Bitcoin (BTC) pulls a bottom. The chart also highlights a similar fractal observed in the 2015 market – a market that would be highly correlated to the current market. Woo's graph, which illustrates investment behavior, suggests that a new momentum may well lead us to a bullish race, but not before a potential setback if we remember the story:

The signature of "beating heart" of Bitcoin engraving its bottom.

This graph shows BTC's capital flows through the chain (ie investment activities). Estimates are @coinmetrics"New Data Pro product, this lower fractal was previously invisible with BCHAIN's estimates. pic.twitter.com/8OXQlAiYxE

– Willy Woo (@woonomic) May 4, 2019

Peter Brandt, another notable analyst and author of the trading manual "Journal of a Professional Trader," said yesterday that BTC was forming the top of the resistance. announcing a correction before the CTB reaches $ 6,500, to which Brandt thinks a "more significant" correction could begin …

Just a notice – there is a chance $ BTC is leading here, having achieved its key resistance price target. A correction could occur before another move to 6500, then a larger correction. pic.twitter.com/woetnihqB5

– Peter Brandt (@PeterLBrandt) May 4, 2019

Another analyst agrees with Brandt's assumption, providing a figure for a possible correction of about $ 5,500, the BTC rate bouncing back to $ 12,000 …

$ BTC against $ BNB fractal: ultra-bullish scenario
With prices that hold up well, I'm inclined to see $ BTC higher trading around the 6500 range (@PeterLBrandt prediction) b4 finding a correction at 5,500 levels where you can reload on long times for wave (i) of (iii) of 3 targets 12k USD #BTC pic.twitter.com/l5sa7jEZb7

– TheWolfOfAllStreets (@ GerardWalker5) May 4, 2019

Some other analysts also expect this possible correction:

Soon will come the time of the decision for Daddy BTC: reload or m00n? $ BTC #BTC #CT pic.twitter.com/PGO6wXKkXB

– [PARTIELS] Tutur (@La_Bubule_Zer) May 5, 2019

It is interesting to note that the highly correlated 2015 market mentioned above was noted by another operator called "Posty", who made several bullish assumptions based on the historical course prices:

$ BTC

An in-depth analysis of the 2015 bear market and now

Maturities mature with the market and halving playing its role

What do you think? A break now seems premature ..

I am not bearish – I just love the story

It took me a little while, RT and likes to enjoy it#btc #bitcoin pic.twitter.com/X4MY2tMOdz

– Posty ? (@Crypt_Malone) May 3, 2019

BTC / USD Chart provided by Tradingview

First, the analyst notes the time spent below key resistance levels from 2015, noting that BTC took 308 days to reach these levels and that it was reversing the support's resistance (reversal s / r ); this reversal finally took place after three resistance test failures that catalyzed the upward momentum. Subsequently, the halving in 2016 of bitcoin took place, ushering in a new bullish rally for BTC.

By 2019, the analyst says the recent test of $ 5,800 was our first attempt at flipping s / r, suggesting that we could potentially be in a period of accumulation until we reached the end of the year. in the second half of 2019, after which the halving of Bitcoin 2020 could provide the uprising of the last few halves.

What do you think? How long will we stay under 6k? Does history repeat itself or do we make our own way?

Let us know your thoughts in the comments!

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