Bitcoin: Chances of waking up to $200,000 BTC are getting higher and higher – Samson Mow

Bitcoin: Chances of waking up to $200,000 BTC are getting higher and higher – Samson Mow

Samson Mow, Bitcoin maximalist and CEO of Bitcoin adoption-oriented company Jan3, tweeted that the chances of Bitcoin printing a giant Omega candle on the charts have increased dramatically.

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Samson Mow, Bitcoin maximalist and CEO of Bitcoin adoption-oriented company Jan3, tweeted that the chances of Bitcoin printing a giant Omega candle on the charts have increased dramatically.

If there are no Godzilla candles on the horizon, then the chances of there being Omega candles increase, according to his post Therefore, the longer a Godzilla candle is missing, “the more likely you are to get an Omega.”

One of the commenters jokingly asked her if she should be ready to go to sleep with Bitcoin trading at $70,000, and then wake up with BTC hitting $200,000. $1 million Bitcoin believer Mow answered “yes” to that.

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Bitcoin FOMO and rising greed

A recent report published by on-chain data aggregator Santiment has revealed that flagship cryptocurrency Bitcoin fell below $67,000 on Thursday for the second time this week, resulting in the second-largest increase in buying interest ever. Bitcoin by the crowd in the last 60 days. FOMO (“fear of missing out”) and greed are increasing now, Santiment concluded.

The report suggests two possible scenarios for how BTC and traders should behave after that. The first assumes that the price of Bitcoin will skyrocket and traders will begin to jump on this bandwagon, hoping that BTC will continue to rise, as it did at the end of May.

The second possible scenario is that the price of Bitcoin drops drastically and traders start buying in the hope that BTC will recover quickly after that drop. This scenario played out on June 13, the report reminded everyone.

Bitcoin Market Performance

For the second time this week, Bitcoin has fallen below $70,000. The first price drop occurred on Monday, when the main cryptocurrency fell 5.5% to the $66,200 area. That drop was followed by a price surge that took BTC back to the $70,000 line.

Then, between Wednesday and Thursday, Satoshi Nakamoto’s creation fell again, losing 5.11% and falling to $66,415. So far, Bitcoin has seen a small recovery, rising less than one percent. At the time of writing, BTC is changing hands at $66,930 on the Bitstamp exchange.

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