News
Samson Mow Bullish Bitcoin Statement: “Omega Coming”
Cover image via www.youtube.com
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Conduct your research by contacting financial experts before making any investment decisions. We believe all content is accurate as of the date of publication, but some offers mentioned may no longer be available.
Contents
Samson MowCEO of Bitcoin-focused company Jan3 and renowned BTC maximalist, commented on the latest Bitcoin price surge, which allowed the largest cryptocurrency to regain the price of $71,000.
Mow has once again predicted the arrival of an Omega Bitcoin candlestick soon. An Omega candle, as Mow explained in a recent interview and in numerous tweets, is a large trading candle on a Bitcoin chart accompanied by high volatility moves.
Omega is coming. ♎️
— Samson Mow (@Excellion) May 20, 2024
Bitcoin Recovers $71,000
The world’s most important cryptocurrency, Bitcoin, has finally succeeded rising above $71,000 – the highest price level since April 1, when BTC traded at a peak of $71,330. Before that, in mid-March, BTC surprised the cryptocurrency community by finally hitting a new all-time high of $73,750 on a wave of spot Bitcoin ETFs buying up all the BTC within their reach.
This time, the probable reasons behind Bitcoin’s sharp recovery (a rise of 6.05% in 24 hours) were the positive CPI data, which showed a weakening inflation rate, and also a whole week of positive inflows into the aforementioned exchange-traded funds that track the spot price of Bitcoin.
Related
Michael Saylor comments on the Bitcoin surge
Another renowned Bitcoin maxi and evangelist, MicroStrategy giant founder Michael Saylor, also shared his opinion on the recent BTC price surge, which brought the flagship cryptocurrency closer to its latest historical price peak.
Saylor tweeted that “BTC price is still below $0.08 million.” It seemed like a hint at the next big level that Bitcoin is expected to reach soon. On Sunday, the founder and president of MicroStrategy published a tweet in which he hinted at the next price milestones that, according to him, BTC could also soon reach: $69,000, then $89,000 and $90,000. The first prediction came true when Bitcoin already surpassed the $69,000 level.
The price of $BTC it is still less than $0.08 million.
— Michael Saylor⚡️ (@saylor) May 20, 2024
When that “prediction” was made, Bitcoin changed hands slightly above $67,200. Overall, MicroStrategy’s bet on digital gold remains massive. The company began regularly purchasing blocks of BTC with its free liquidity in August 2020. By now, the business intelligence giant the cryptocurrency stash includes 214,400 BTC – or the equivalent of over $7.5 billion in fiat. The most recent acquisition was made in April, when Saylor’s company purchased 122 BTC, paying $7.8 million for it.