Goodbye bear market? Top bitcoin analyst says bull season is 99% in

The world’s largest cryptocurrency has gone parabolic in the past week, with bitcoin breaking its yearly high on May 14th by crossing the $8,000 mark. Willy Woo, a cryptocurrency analyst, says that even in modest estimations, data shows that the bull season is 99 percent in.

Bitcoin’s 200-day moving average shows we’ve almost entered a bull market

The dreaded crypto winter seems to be finally coming to an end, as recent data from almost all price trackers showed a Bitcoin bull run that has left even the most optimistic analysts in awe. While a bull run was more or less expected, few have thought that the world’s largest cryptocurrency would pass the $8,000 mark in a single night.

This past week’s bull run has affected more than Bitcoin’s value—it also forced many analysts and experts to adjust their forecasts and accept that the crypto winter might be gone for good.

Willy Woo, a prominent crypto analyst and Twitter personality, leads the way when it comes to optimism regarding Bitcoin.

On May 13th, Woo tweeted that crossing the 200-day moving average is an almost certain sign of a bull run. A chart that accompanied Woo’s tweet showed that even the most conservative trend line support would put Bitcoin above the 200-day moving average.