2021 Trading & On-Chain Review with Willy Woo
“If we break the all time high properly, we run through the fibs and let’s face it $69k to $100k is nothing.”
— Willy Woo
Date: Thursday 23rd December
2021 has been a year like no other in Bitcoin. The market has matured dramatically with increased institutional interest following the Michael Saylor and MicroStrategy playbook, El Salvador driving nation-state adoption and more sophisticated market instruments with the launch of two US-based Bitcoin futures ETFs.
The maturing of the market seems to have broken the typical 4-year cycle around the halving. No longer are we seeing huge parabolic run ups and massive +80% sell-offs. Instead, we have had much more complex price action throughout the year. After hitting mid-$60,000s in May, we had a 50% correction followed by months of consolidation before another run-up and a new all-time high in November.
Now, at the end of 2021, the bitcoin price is ~$50,000, and while it is still the same price as it was in February, so much has changed. So if the traditional market cycles are broken and we are entering a new, more mature period for Bitcoin, what will 2022 bring?
In this interview, I talk to Willy Woo, an on-chain analyst and Co-Founder of Hypersheet. We discuss how the price action in 2021, what to expect in 2022 & beyond and how the market has matured.
This episode’s sponsors:
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