‘Is The Bottom In? Not Yet,’ According to Bitcoin Price Analyst Willy Woo

Bitcoin’s technical analysts have begun disagreeing about the future of the Bitcoin price as the cryptocurrency sets three-week lows January 14. Shirakashi: ‘Strong Case’ Bitcoin Has Bottomed In a Medium post and on Twitter, Renato Shirakashi and Woobull.com creator Willy Woo offered differing opinions about what the short-term had in store for Bitcoin, debating whether BTC/USD 00 had set a definitive ‘bottom’ in its bear market. The pair had reached $4250 earlier this month before a series of drops saw support around $4000 evaporate. At press time, Bitcoin was trading around $3540, its lowest price since December 18. Shirakashi, presenting a bullish case, voiced skepticism over warnings previously issued by traders such as Tone Vays. As reported, Vays, who previously correctly called the Bitcoin price drop to between $3000 and $3500, believes BTC/USD could touch just $1300 – or even lower. “I have so much respect for Murad Mahmudov, David…

Read the original article here