On-chain analyst Willy Woo argues that fundamentals will drive the true crypto bull run. Traditional finance will be shocked when the Bitcoin Macro Index breaches a certain threshold.

Woo predicts that an increase in the Bitcoin Macro index signals the start of a new bull market.

Why the Bull Market Is Not Here Yet

Woo reflected that crypto will enter a true bull run when fundamental factors drive prices. Previous analyses of bull markets reveal that this phenomenon occurs when the Bitcoin Macro Index crosses a certain threshold. 

The Bitcoin Macro Index absorbs fundamental and technical analyses into machine learning models that give a broader view of where an asset is placed in a given cycle. The model calibrates the influence of each metric on the broader picture by looking at how much insight the metric previously lent to the performance of Bitcoin.

Woo suggests that based on the model’s previous performance, the crypto bull market is still some way off.

“So you think we’re in a bull market? We’re not, this has been the warm up. A full fundamentals driven bull market is marked by a break of the upper blue band. When it breaks, TradFi is in for a shock,” Woo said.

Read more: Bitcoin Price Prediction 2024 / 2025 / 2030

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Author: David Thomas

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