Samson Mow, a big Bitcoin supporter and CEO of JAN3, has made a bold prediction on his X account. He believes Bitcoin is about to experience a massive surge, calling it a "Godzilla Candle."
This "Godzilla Candle" refers to a large price movement on a chart, indicating significant momentum. Mow also mentioned an "Omega Candle" in earlier tweets, suggesting the size and impact of this potential price increase.
Mow isn't the only one bullish on Bitcoin. He recently commented on a tweet suggesting Bitcoin will reach at least $100,000 by the end of the year, regardless of the US elections. He considers this a "bearish estimate" for Bitcoin's future.
Advice for New Bitcoin Investors
For new investors entering the Bitcoin market, Mow offers two key points to remember:
* Volatility: The price of Bitcoin in relation to fiat currencies (like USD) will fluctuate.
* Long-Term Growth: Despite the short-term ups and downs, the price of Bitcoin is expected to increase over time.
By understanding these aspects, new investors can navigate the Bitcoin market with a clearer perspective.
Bitcoin Reacts to Fed Rate Cut
Following the news of a potential interest rate cut by the US Federal Reserve, Bitcoin has shown positive signs. The price surged 7.6% on Wednesday and has been attempting to break above the $64,000 resistance level. This shift in the Fed's stance from hawkish to dovish seems to be benefiting Bitcoin.
Will Bitcoin See a Godzilla Candle?
Only time will tell if Mow's prediction comes true. However, the recent positive momentum in Bitcoin's price and the changing stance of the Fed are interesting developments to watch.
