Twitter user Financial Survivalism, a self-proclaimed financial revolution prepper, and a current full-time crypto trader, took to Twitter to talk about his bet that he made with another popular crypto trader Murad Mahmudov.
In January, the cryptocurrency analyst Murad Mahmudov tweeted to his 41.6K Twitter followers that we can expect a 1700-2200 bottom in the Spring, more specifically pointing to the month of April.
6/ Below is a clean, weekly view of the above prediction / scenario.
Note how the weekly Gauss is going to pierce the purple capitulation rectangle perfectly. It also implies 1700-2200 in the Spring of 2019 depending on how you draw it. pic.twitter.com/DBJp7N1jDB
— Murad Mahmudov 🚀 (@MustStopMurad) January 13, 2019
Twitter user, Financial Survivalism, proposed a 0.1 BTC bet, where BTC is supposed to hit $1,165 on Bitstamp before it hits $10,200.
@MustStopMurad is calling for a bottom in #Bitcoin in the $1,600 – $2,300 area. I’m calling for a return to Phase 1 of the #Hyperwave at $1,165 & could see it spiking even lower.
I proposed a 0.1 $BTC bet & Murad accepted! Terms are $1,165 gets hit on Bitstamp before $10,200. pic.twitter.com/rJemdn8rhw
— Financial Survivalism (@Sawcruhteez) February 15, 2019
A friendly wager, where there has to be one winner, according to Financial Survivalism, ‘both can’t be wrong in regards to the bet.’
The Bitcoin supporter and self-proclaimed financial revolution prepper said that Bitcoin could easily drop down to $1,165 soon, but added that this would result in a massive spike, causing BTC to reach the $10,000 price point again.
With the ongoing bear market, there have been several price predictions as to when will Bitcoin hit bottom or if we already did. Together with predictions in regards to Bitcoin’s bottom, we see as well new all-time high predictions, with some of them even foreseeing 300k.
Read more: Is Bitcoin at $1 million really possible?
The independent crypto researcher and analyst, Willy Woo, took to twitter mid-January, where he stated that he as well believes that we haven’t yet seen the bottom for Bitcoin.
Despite the technical setup that suggests bullishness is possible, there’s not a lot on-chain volume to fuel a prolonged up move. What we saw in the last 7 weeks was a spike of on-chain volume driven by volatility, coins moving to exchanges to trade. pic.twitter.com/MVxlN8ttO1
— Willy Woo (@woonomic) January 5, 2019
A question we have been asking ourselves since the end of November is: ‘Have we seen Bitcoin bottom yet?’
Woo seems to be convinced that we haven’t. ‘Is the bottom in? Not yet,’ he tweeted.
Is the bottom in? Not yet.
In order for the bottom to be in, the volume of coins changing hands becomes steady, currently it’s very erratic, synonymous with middle of the bear detox. (In this chart I’m tracking the volatility of on-chain volume). pic.twitter.com/aVYI1Ortxh
— Willy Woo (@woonomic) January 14, 2019
Read more: What does Bill Gates have to say about Bitcoin?
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