Market

Whales are calling for a low point for BTC, saying that selling at current prices is a huge mistake

Many top analysts are making predictions for the future of Bitcoin and the crypto market as BTC hovers below $ 42,000.

A whale nicknamed Light said he was believe Bitcoin has bottomed out and traders selling at current prices are making a mistake.

“People are really giving in just above the stacked bidding zone and the all-important support zone. I think there will be a short squeeze soon. ”

Source: Light / Twitter

The whale also pointed to a high volume node in the Volume Profile Visible Range (VPVR) indicator to highlight its case that BTC may have bottomed out.

“I don’t really want to be very specific, but if you sold here, I think you only sold at the bottom.”

Source: Light / Twitter

Kyle Davies, co-founder of the crypto investment firm Three Arrows Capital, shares the same view.

“I meditated for three weeks, no twitter, just praying. I’ve seen the future. And it doesn’t include BTC’s bear market.

BTC rises like a phoenix from the ashes and has bottomed out. “

And after warning that BTC could drop to $ 38,000, crypto investment expert Mike Novogratz sent a simple message.

https://twitter.com/novogratz/status/1479500523057393670?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
“Bitcoin has reached the buy zone …”

You can see the BTC price Here.

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Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.