I agree with Ben Zhou on his opinion about 4-digit Bitcoin!
He thinks that we are probably going to see more bombs coming in the next few months (liquidations of exchanges, coins, or other big players).
The CEO of Bybit has a lot of insider information about traders on his exchange. For example, he can see where the liquidity is and where people have their stop-loss orders.
"Everything in crypto happens very fast; I believe a 6-month or so of this downtrend before an uptrend again," he said in his next statement.
What do you think about it? Do you agree with Ben or not? Let me know in the comment section right now!
You can watch a full interview with Ben Zhou on the Moon YouTube channel if you are interested in his thoughts.
From my perspective, there are no signs of a trend reversal. As you can see on the chart, Bitcoin is pretty much drowning.
I believe the bottom of Bitcoin will be between 6500 and 10300 USD!
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Bybit is currently the #2 exchange on CoinMarketCap in the section "Derivatives."
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