The CEO of JAN3 Samson Mow said that after Bitcoin reaches a new historical maximum above $ 124,000, two possible scenarios of price changes became clear.
According to the top manager, Bitcoin can demonstrate two trends: a powerful growth, as a result of which altcoins will collapse by 30–40%, or the fall of the quotes and the peak of “Altcoin mania” provoking the mass sale of coins.
The head of the Jan3 believes that Bitcoin will still set new price records, and if there is a sharp price rollback, the rally will continue, since this is historical dynamics.
The MOU believes that the air, unlike bitcoin, has little chance of breaking its historical maximum, since “the closer you come to the psychological level, the stronger the desire to sell.” This logic, according to MOU, is not applicable to bitcoin.
Now the first cryptocurrency will be consolidated near the achieved level, in anticipation of new growth catalysts, which will allow the asset once again to update the maximums, the expert summarized.
Earlier, Samson MOU supported the investment strategy of Strategy, which regularly replenishes its stock of bitcoins. The head of Jan3 answered critics of strategy that bitcoin should be bought regardless of his course.
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Source: Cryptocurrency
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