Crucial Less Than $0.1 Million Bitcoin (BTC) Warning Made by Samson Mow

WikiBit 2024-12-09 22:13

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and

Bitcoin

Samson Mow, prominent Bitcoin advocate and CEO at the BTC-focused firm JAN3, has addressed the cryptocurrency community with a Bitcoin price forecast that may change everything quite soon.

This bullish warning came as the worlds leading cryptocurrency has declined by 3.09% today, dropping from above the $100,000 level. At the time of this writing, the pioneer cryptocurrency is trading at $98,670.

In his traditional Bitcoin maxi and bullish manner, Mow tweeted that he expects Bitcoin to trade below $100,000 for a very short time. Therefore, he said, there is still a chance to buy BTC “for less than $0.1 million.” “But not for much longer,” he added.

Mow has repeatedly stated this year that he expects Bitcoin to eventually reach the much-anticipated $1 million price mark in one or several Omega candles.

Mow predicts trigger for first Omega candle

On Saturday, the JAN3 boss tweeted that he expects a gamma squeeze on MicroStrategy‘s stocks to fuel the first Bitcoin Omega candle. A gamma squeeze happens when traders start buying numerous call options, betting on an asset’s price surge.

This caused market makers to increase their backing of those options by buying more of that asset. Mow believes this is likely to happen to MSTR and to also help drive the Bitcoin price move upward.

Disclaimer：

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

Related exchange