Scott Bauer is confident that in the event of a fall in the rate of the first cryptocurrency, large holders will control the situation and accumulate digital coins.
The general director of the professional trading platform Prosper Trading Academy Scott Bauer, in an interview with TD Ameritrade Network, predicted a decline in the price of bitcoin to $ 36 thousand in case the asset fails to overcome the resistance at $ 42 thousand. holders of the first cryptocurrency will be in control.
The head of the Prosper Trading Academy is sure that the cost of bitcoin is stuck for a long time in the range of $ 36-42 thousand, since this is beneficial to the “whales” who use the decline to accumulate cryptocurrency.
Investors are called “whales” – large holders of digital assets.
One of the largest cryptocurrency holders, whose wallet contains over 111 thousand BTC (about $ 4.75 billion), purchased bitcoin worth $ 13 million during the last drop in quotations to about $ 40 thousand.
In mid-September, “whales” (holders of 10 up to 10 thousand bitcoin) in three days accumulated 60 thousand bitcoin. At the same time, the cost of the first cryptocurrency grew and reached $ 47.8 thousand.
🐳 #Bitcoin millionaires holding 100 to 10k $BTC dumped 70k $BTC between Sep. 6th & 9th, and the price dropped -14.7% by the 10th. These same whales have now accumulated 60k $BTC back the past 3 days, and price is back up 5%. Coincidence? Absolutely not. https://t.co/n6XEZ4RbtT pic.twitter.com/D3aT8GWVRP
— Santiment (@santimentfeed) September 16, 2021
On the night of September 22, the bitcoin rate dropped to a new minimum since August 5 at $ 39.6 thousand, the first cryptocurrency is traded at $ 42.3 thousand, over the past day it has fallen in price by 2%.
The asset’s market capitalization shrank to $ 796 billion on 24-hour trading volumes of $ 43.8 billion, according to CoinGecko.
Scott Bauer interview with TD Ameritrade Network
