According to Sam Bankman Fried, the closest strong support level for Bitcoin is in the $ 20-25K range.
Sam Bankman Fried, the founder and CEO of the FTX cryptocurrency derivatives exchange, explained in an interview with Bloomberg why the cost of bitcoin will not fall below $ 10 thousand.
According to Sam Bankman Fried , if the main cryptocurrency (Bitcoin) drops to $ 10 thousand, a large number of buyers will activate, who will not give quotes go down below.
FTX Founder and CEO @SBF_Alameda speaks with @RishaadTV and @HaslindaTV on his outlook for crypto markets and regulation.
The company recently completed a series B fundraising round of $900 million that values them at $18 billion https://t.co/zz5XrblVv5 pic.twitter.com/9qkJlPK4tG
— Bloomberg Crypto (@crypto) July 21, 2021
Also, the head of FTX noted that the nearest strong support level for bitcoin is in the range of $ 20-25 thousand.
Sam Bankman Fried claims that at this level investors will start buying the coin, even without confidence in further growth.
Last week, CEO of investment company DoubleLine Jeffrey Gundlach predicted a Bitcoin collapse to $ 23,000.
According to Gundlach, this is indicated by a technical head and shoulders signal that can now be seen on the chart of the main cryptocurrency (Bitcoin) .
Over the past day, bitcoin has risen in price by 7%, the price of the first cryptocurrency (Bitcoin) is $ 31.7 thousand, and the capitalization exceeds $ 594 billion, according to CoinGecko.
Yesterday, July 20, the quotes of the Bitcoin dropped to $ 29.2 thousand for the first time since June 22.