Bitcoin has been like a bomb waiting to explode up or down for the past few weeks. While some experts gave an upward forecast, others stated that the price would crash.
A comment about Bitcoin, which fell to the level of $ 18,650, came from CZ, the owner of the world's largest cryptocurrency exchange.
“Some people want crypto prices to drop,” CZ tweeted. But more and more people are not doing that.” said. In these times of bear and bull warfare, CZ actually stated that the bears are gradually losing their strength and the upside probability is increasing.
Known for his maximalist predictions about Bitcoin, CZ often makes posts implying that these levels are bottoms.
Especially the main on-chain indicators say that these levels may be low or close to the bottom. However, in the current situation, September is expected to be turbulent, especially with the inflation data from the USA and the Fed's interest rate hike after that.
When the past price charts are examined, September is generally known as a month in which downward movements in Bitcoin are seen.