According to BlockBeats, on September 20, top trader Eugene Ng Ah Sio posted on social media that “the price trend in the next few days will be critical and will determine the medium- and long-term direction of Bitcoin.
Although Michael Saylor was an initial buyer of Bitcoin in the $59,000 to $63,000 range, if the price of Bitcoin can sustain above $63,000, it means that the net direction of the market is upward again. If it falls below this level, the market may return to a volatile market.
I think the situation right now is 60-40 that we’ve entered a new phase, but this will be the first real test.”
