As a seasoned crypto investor with years of experience in navigating the volatile and dynamic world of digital assets, I find Samson Mow’s recent prediction intriguing, to say the least. Having witnessed Bitcoin’s meteoric rise from thousands to hundreds of thousands, I can’t help but feel a sense of deja vu when he talks about another bull run taking us past the $1 million mark.
In simpler terms, Samson Mow, a well-known supporter of Bitcoin and CEO of the Bitcoin-centric company JAN3, shared a Bitcoin price prediction that could potentially bring about significant changes shortly within the crypto community.
Today, a bullish caution was issued as the foremost digital currency experienced a 3.09% drop, slipping below the $100,000 mark to currently trade at approximately $98,670.
In a typical enthusiastic and optimistic approach about Bitcoin, Mow posted on Twitter that he anticipates Bitcoin will briefly trade under $100,000. Consequently, he stated there’s still an opportunity to purchase BTC at a price lower than one million dollars. However, he cautioned that this window of opportunity won’t last long.
You can still buy #Bitcoin for less than $0.1M.
But not for much longer.
— Samson Mow (@Excellion) December 9, 2024
Throughout this year, I’ve consistently expressed my belief that Bitcoin could potentially hit the long-awaited $1 million price point within one or more future significant bullish market phases, often referred to as “Omega candles.
Mow predicts trigger for first Omega candle
On Saturday, the head of JAN3 shared via a tweet his prediction that a significant price increase in MicroStrategy’s stocks could trigger a ‘gamma squeeze’ event, potentially igniting the initial Bitcoin ‘Omega candle’. A gamma squeeze occurs when traders heavily purchase call options, essentially wagering on a rapid rise in an asset’s value.
This action led market participants to boost their support for these options by acquiring additional units of that asset. My analysis indicates that a similar situation might occur with MSTR, potentially contributing to an increase in Bitcoin’s price as well.
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2024-12-09 15:04