‘$1 Million Bitcoin’ Samson Mow Says Godzilla Candle Coming: Details

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As a seasoned cryptocurrency analyst with over a decade of experience in the industry, I find Samson Mow’s latest BTC price prediction intriguing. His use of terms like “Godzilla candle” and “Omega candle” suggests that he is not only knowledgeable about technical analysis but also creative in expressing it. It’s always fascinating to see how market participants interpret chart patterns, especially when they attach unique names to them.

Samson Mow, Bitcoin maximalist and chief executive at the Bitcoin-focused company JAN3, has taken to his account on the X platform to make a massive BTC price prediction to the global crypto community.

Mow anticipates Bitcoin will display a significant “Godzilla candlestick” pattern soon, indicating: “The Godzilla Candlestick is approaching.” In his past tweets, he also mentioned an “Omega candle” for BTC, meaning that either of these terms describes the large size of this candlestick and the immense momentum it will provide to Bitcoin’s price in a single surge.

The Godzilla Candle is coming.

— Samson Mow (@Excellion) September 21, 2024

In an earlier tweet, the CEO of JAN3 expressed his belief that Bitcoin’s value should have realistically surpassed $100,000 by now. This statement was made in early July, when both the German and U.S. governments were selling a significant amount of Bitcoin they had seized from The Silk Road marketplace and a well-known pirate movie portal in Germany. At that time, Bitcoin was trading just below $57,000, but Mow referred to this as a “scam dip.

More recently, he weighed in on a tweet suggesting that Bitcoin might surge past $100,000 by November’s end, irrespective of the U.S. election results. However, Mow expressed his opinion that this prediction is overly pessimistic for Bitcoin, the leading cryptocurrency.

Mow shares important advice for new BTC investors

This past week, according to U.Today, the head of JAN3 highlighted two critical points that novice Bitcoin investors should grasp regarding Bitcoin’s relationship with traditional currencies.

1st point: “The value of Bitcoin in terms of traditional currency (fiat) will fluctuate greatly.

Bitcoin soars on news of Fed rate cut

Starting from Thursday this week, Bitcoin has been making efforts to surpass the $64,000 barrier. Following a 7.6% surge on Wednesday, it briefly reached that price point. The surge in BTC can be attributed to the announcement made by Fed Chairman Jerome Powell during the Federal Open Market Committee (FOMC) meeting, stating their intention to reduce the annual interest rate by 50 basis points. This would mark the first rate cut in four years, as the U.S. central bank shifts from a hawkish stance to a more accommodative one.

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2024-09-21 14:25