Samson Mow, a well-known figure in the Bitcoin community and the CEO of JAN3, recently made a bold BTC price prediction on social media platform X. Mow hinted at a potential “Godzilla candle” for Bitcoin, suggesting a massive surge in price in the near future. This term, along with the previously mentioned “Omega candle,” signifies the significant momentum and size of the price movement that could occur in a single candle.
In a previous tweet, Mow expressed his belief that Bitcoin should realistically be valued at $100,000 by now. He pointed out instances where governments were selling confiscated Bitcoin, causing temporary price dips which he referred to as “scam dips.” Despite fluctuations, Mow remains optimistic about Bitcoin’s long-term potential, dismissing conservative estimates of reaching $100,000 post-November as bearish.
Furthermore, Mow shared valuable advice for new Bitcoin investors regarding the volatility and upward trend of Bitcoin against fiat currencies. By understanding and embracing these characteristics, new investors can navigate the Bitcoin market more confidently.
Recent news of the Federal Reserve’s decision to cut interest rates sparked a positive response in the crypto market, with Bitcoin edging closer to the $64,000 resistance level. The Fed’s shift towards a dovish stance led to a surge in Bitcoin’s price, highlighting the impact of macroeconomic factors on the cryptocurrency market. This development underscores the interconnected nature of traditional financial policies and the crypto industry.
