According to Foresight News, cryptocurrency analyst Willy Woo has suggested that an exponential bull market for Bitcoin (BTC) is yet to begin, based on his BTC price ratio model. He indicated that the current cycle may structurally be a mix of the 2013 cycle, which saw strong demand, and the 2017 cycle, dominated by spot trading. The year 2020 was characterized by derivatives-controlled wash trading.
Woo's BTC price model is a composite result of three different price models moving relative to each other. These include: 1. The VWAP price, which is the volume of 'investor' transactions on the chain; 2. The realized price, which is based on cost; and 3. The CVDD price, which represents when old hands sell, also known as the 'bottom' model.
