Last week, on March 12, Bitcoin suddenly plummeted along with traditional financial markets and safe haven – gold. Since then, Bitcoin price has made a short visit under $ 5,000.

Many influential people have shared their predictions and predictions. However, no one has promised to take any concrete action to keep Bitcoin running. Binance's CEO, Changpeng Zhao CZ, was the first.

“As long as I have a penny, Bitcoin will not go to zero.”

At the time of writing, Bitcoin is trading in the area of ​​$ 5,300. Zhao Changpeng promised that Bitcoin would not go to zero as long as he had money.

Some wrote that CZ's tweet made them nervous. Traditionally, the cryptocurrency community believes that the price of BTC may decline due to manipulation.

However, a study claimed that in 2017, when Bitcoin reached its highest price of nearly $ 20,000, it was manipulated using Tether's USDT.

Earlier this year, CZ stated that exchanges are not concerned about the sharp drop in Bitcoin prices. If exchanges could influence the price of BTC, it would be super high.

Trader ‘The Crypto Dog’, is raising the price of BTC, believing it is strong enough to skyrocket and surpass $ 6,000.

“Technically, the bitcoin price looks strong and craves $ 6100 for now.”

You can see the price of Bitcoin here.

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Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

Annie

According to U.today

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