However, Santiment pointed out, mass Bitcoin liquidations like this make the probability of a continued Bitcoin rebound a lot more likely.
Currently, the total Bitcoin holder dump comprises 672,510 fewer than a month ago.
However, this time, he also named an approximate time frame when he expects this immense price growth to take place – within a year from now.
Overall, the Jan3 boss believes that once Bitcoin succeeds in reaching $100,000, a bull run will begin, and it will take BTC to the $1 million historic peak. He published that post in order to prevent retail investors from thinking that Bitcoin is over and done with.
Bitcoin evangelist Michael Saylor, cofounder and executive chairman of the largest corporate Bitcoin holder, MicroStrategy, also published a tweet on Wednesday, which says “Bitcoin to The Moon.”
At the time of this writing, Bitcoin is changing hands at $64,894.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
