Cryptocurrency While the market is trying to get rid of the effects of the deep drops experienced in 2022, investors are looking for the answer whether the real bottom is seen in Bitcoin.
In the days when Bitcoin went below $ 18,000, we mentioned that many indicators that gave successful results in the long term gave buy signals.
However, despite these signals, we see that investors, who are worried about a greater decline, are losing interest in Bitcoin and moving away from the market. It is worth noting that these days are not the right time to get upset with Bitcoin and altcoins.
Because investor interest has decreased, people bitcoinWe know that the periods when the interest of the mainstream media decreases are usually the most obvious bottom signals.
Signal from Binance CEO?
Investors Has a bottom been found in Bitcoin? While searching for the answer to the question, a meaningful share came from Cz, the CEO of the largest crypto money exchange Binance.
Recalling the history of the Bitcoin “crash”, Cz said, “Bitcoin “crashed” to $200 in 2014, $3,000 in 2018, and $20,000 in 2022. I have no idea where it will crash in 2026.”
While Cz drew attention to Bitcoin’s rising graph despite its sharp declines, the comparison he made over the 2014 and 2018 examples did not escape the attention of some investors.
Pointing to the bottom prices for 2014 and 2018 in this post, Cz’s assessment of the $20,000 region for 2022 as the last point where it fell was interpreted as a bottom signal.
Is Cz’s sharing a thoughtful message? Or is it a sharing that can lead to speculation and misunderstanding? Time will show that.
It is useful to remind Cz’s warning here.
“Crypto is high-risk and highly volatile. Learn to manage your risks.”
A brief history of “#bitcoins crashed”…
2014, #bitcoins “crashed” to $200
2018, #bitcoins “crashed” to $3,000
2022, #bitcoins “crashed” to $20,000
2026, #bitcoins “crashed” to … no idea.Crypto is high-risk and highly volatile. Learn to manage your risks. 🙏
— CZ 🔶 Binance (@cz_binance) November 2, 2022
*Not Investment Advice.
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