Cryptocurrency analyst Willy Woo said on Saturday that the bear market may drag on until April 2027, dismissing Wall Street Strategist Tom Lee‘s expectation of a recovery by April of this year.
Woo Trashes Lee’s Forecast
Lee, who also chairs BitMine Immersion Technologies Inc. (NYSE:BMNR), said in mid-February that crypto winter could end by April at the latest.
“I think it touched it to the penny. He thinks we just have to undercut it once more, and that’s the low. meaning we’re really close to the end,” Lee had said.
However, Woo, who is a known Bitcoin (CRYPTO: BTC) maxi, completely dismissed the prediction, saying, “He’s high on hopium. April 2027 more likely.”
How Low Will Bitcoin Go?
Notably, just earlier this month, Lee said that the cryptocurrency market has moved past its winter phase and could move higher, particularly through March
Meanwhile, well-known cryptocurrency analyst Benjamin Cowen projected that Bitcoin would likely break below $60,000 in the coming weeks. They argued that $60,000 parallels the $6,000 level from prior bear markets in 2018 and 2019—a temporary support level that eventually broke.
Cowen said earlier this month that while the four-year market cycle appears intact, 2026 may be too early to declare the end of the bear market.
Price Action: At the time of writing, BTC was exchanging hands at $67,300, up 1.02% in the last 24 hours, according to data from Benzinga Pro.
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