With BTC hovering below $42,000, predictions for the future of Bitcoin and crypto markets are coming from famous investors. The famous whale nicknamed Light says that some Bitcoin and crypto traders will likely be penalized as leading investors update their BTC outlook.
“You sold Bitcoin (BTC) to the bottom!”
Popular crypto trader and whale nicknamed Light says he believes Bitcoin has bottomed out and traders selling at current levels are making a mistake:
People really do have one of the most bids and offers I’ve ever seen. They surrender to key support. Emotional. I think he will be punished soon.
Whale also cites historical support for Bitcoin to underscore the thesis that BTC may have hit a bottom:
Speak in decisive terms I don’t like it much, but if you sold it here, I think you sold it at the bottom.
Not only whale but also Kyle Davies, co-founder of crypto investment firm Three Arrows Capital:
I’ve been meditating for three weeks No Twitter, just praying. I saw the future. And that doesn’t include Bitcoin death. Rise like a phoenix from the ashes, this is the bottom of BTC.
Three Arrows Capital founder Zhu Su says he’s also bullish:
If you’ve been selling BTC at an all-time high 2x the previous four years, go back to underperforming SPX every year and leave the rest of us alone.
After the warning that BTC, which we also reported as Cryptokoin.com , could fall as low as $ 38,000, crypto investment guru Mike Novogratz also sends a simple message:
We entered the buy zone…
Of course, not all analisdollarser calls for a comeback. Veteran trader Peter Brandt, after accurately predicting the beginning of the Bitcoin bear market in 2018, warned that BTC has just breached its parabolic trend, but he has not made a precise prediction of what will happen next.