Binance founder and former CEO Changpeng Zhao shaken the encryption community with a new post about Bitcoin on Social Media Platform X. Founders, who believe that many people have called the market’s best and bottom many times, shaken the market and trigger major movements. Therefore, it is not surprising that his latest posts that talk about participating in the encryption market in the past are interpreted as strong by many people.
The founder of Binance shows where the market was in the past.
The posts shared by the founder of Crypto show the price of Bitcoin at $ 4,300. He shows where this market was from eight years ago to September 2017 and what happened after that.
At that time, the market appears to be another weakness in September, and the price of bitcoin is less than $ 5,000. But the next few months, the last quarter of the year, have been found to be extremely optimistic at Bitcoin prices.
After the end of September, the month of October 2017 was very optimistic and the price was quickly exceeded the $ 5,000 threshold. In the next few months, the price of bitcoin has risen more than 200%, reaching up to $ 19,000 in a new history before the Bear Market begins in 2018.
Community members are looking forward to running Bitcoin bulls
The founder’s post was read as follows, but “I don’t predict the future. I’m not too excited.In September (my first) encryption cycle, the data alone has little help to prevent the guess. It is predicted that it is predicting a bull run.
One analyst is a CZ previously marked the top and bottom of the local, and I think that the post is pointing out the concept of seasonality in the market. As the CZ posts a chart that shows the price of Bitcoin before starting the bull game, I think this can be the beginning of another run.
Another community member, STYGIAN, claims that CZ was occupied or down the market and people could see it. But another reaction violates grain. What is happening now is simply relocated and not a rally that the retail is expected.
Despite the triggered dialogue, the market continued to be low, and Bitcoin skirted about $ 113,000 at the time of the post. At the beginning of the new month, investors continue to expect optimistic rally on Bitcoin and the entire market.
DALL.E’s main image, TradingView.com chart
Editorial process focuses on providing thorough research, accurate and prejudice content. We support the strict sourcing standard and each page is diligent in the top technology experts and the seasoned editor’s team. This process ensures the integrity, relevance and value of the reader’s content.
