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- Light Crypto (@LightCrypto) told in a recent tweet that he favors buying Bitcoin during the dip sharing this to his 20K followers on the 28th of February.
- Light Crypto was also very optimistic about the upcoming Bitcoin Halving which he thinks will set and change the course of direction of Bitcoin’s trajectory to larger heights.
An official twitter analyst Light Crypto (@LightCrypto) told in a recent tweet that he favors buying Bitcoin during the dip sharing this to his 20K followers on the 28th of February. He wants his followers to use this opportunity of buying Bitcoin in this short term given to the recent fall in gold price on the same day.
He told that he was going against most of the investors to buy Bitcoin on its 20% low of the recent maximum. The stock markets have also faced losses this week and now off a bit traders are now gaining positions buying back a few stocks.
Even Gold has faced a decrement most probably to cover margin requirements. However, Bitcoin is losing lesser every day than what Gold is losing daily. He also shared the view of another analyst ‘Cantering Clark’ who also believed many buyers are holding the Bitcoin at its current market level patiently.
He also told if Bitcoin can hold above $8,600 market value, it would be easier to climb back up. Light Crypto was also very optimistic about the upcoming Bitcoin Halving which he thinks will set and change the course of direction of Bitcoin’s trajectory to larger heights.
Another analyst Jacob Canfield also shared on the recent behavior of Bitcoin and termed as “aggressive” dive which has taken place, but this motion has not yet indicated any bottom for Bitcoin, he also said that he is patiently waiting for Bitcoin to jump back from the lows and retest to its original value at $10K otherwise Bitcoin will retest to further lows at $6400.
It always concludes to a mixed share of opinions whether Bitcoin gains or falls in its market value, many find it an optimistic approach to invest while many lose their hope that Bitcoin is just another lost asset.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
