Famous analyst Willy Woo explains his long-term forecast for Bitcoin: What will BTC do in the next 10 years?

Popular on-chain analyst Willy Woo says that Bitcoin (BTC) will rise to a much higher level in the next decade, based on its current state of adoption. Woo (who has 1.1 million Twitter followers) says that BTC adoption isn't even halfway through the S-curve and that real growth will still be possible in the coming years.
Willy Woo's long-term BTC prediction surprises!
S-curves are used to visualize the trajectory of something. To sum it up, then adoption of a technology usually starts slow, builds up quickly, and eventually reaches an equilibrium.
In addition, Woo continues:
“Why will Bitcoin outperform in the next decade? Because money, which is half of everything, adopts the S-curve.
It's now 4% of the world's population, and that's going to be much higher.”
While Woo expects parabolic growth in BTC in the long term, he expects consolidation or possibly downward price action in the short term.
“Average reversals now dominate Bitcoin price action. Moving sideways or down is easier than moving up. The fundamentals show that we need a cooldown to reset everything.”
Woo also recently said that a short squeeze could be at work for BTC, triggering additional rallies, as a large number of traders who shorted an asset decided to cut their losses in response to an unexpected price spike.
“BTC price movements have been largely dominated by demand from calendar futures markets, which are brokered by professionals and institutions. Even now, demand continues to rise, which indicates that we are in the early stages of another price squeeze.”
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