Today – Samson Mo, a prominent proponent and CEO of BTC-focused company JAN3, addresses the cryptocurrency community with a Bitcoin price prediction that could soon change everything.
The bullish warning comes after the world's leading cryptocurrency fell 3.09% today, dropping from above $100,000. As of this writing, this pioneer cryptocurrency is trading at $98,670.
Moe tweeted that he expects Bitcoin to trade below $100,000 in a very short period of time, with traditional Bitcoin maximums and a bullish attitude. Therefore, there is still an opportunity to buy BTC for “less than $100,000,” he said. “But it won't last long,” he added.
Mo has said repeatedly this year that he expects Bitcoin to eventually reach the coveted $1 million price mark on one or more Omega Candles.
Mow predicts the trigger of the first Omega Candle
On Saturday, the JAN3 boss tweeted that he expects a gamma squeeze in MicroStrategy stock to fuel the first Bitcoin Omega candlestick. A gamma squeeze occurs when traders start buying large numbers of call options, betting that the price of an asset will rise.
This prompted market makers to increase support for those options by purchasing more of that asset. Mo believes this is likely to happen with MSTR as well, leading to an increase in Bitcoin prices.
This article was originally published on U.Today
