Bitcoin to “Go Up A Lot” Soon, Here’s Why, Samson Mow Believes

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“It's usually when it goes up. A lot”: Samson Mow on BTC trading sidewaysDogecoin founder comments on Bitcoin drawdownSamson Mow, famous Bitcoin maximalist and chief executive officer at the JAN3 company focused on helping nation-states to adopt BTC, has shared his take on the continuous side-trading that the world’s largest cryptocurrency Bitcoin has been going through recently.Mow believes that Bitcoin is about to start growing big and fast.”It's usually when it goes up. A lot”: Samson Mow on BTC trading sidewaysBitcoin has been trading flat over the past week – since August 28 after it had plummeted by almost 9% within three days, losing the $64,430 zone and falling to the $58,600 level. Since August 28, digital gold has been going up and down, once rising by 3.82% and reclaiming the $60,000 level and then falling by 4.5% and 2.22%.However, Bitcoin has been whether it has been rising or falling, Bitcoin has always returned to the $59,000 price level so far, staying within this range.The JAN3 boss stated that while many people are beginning to reckon that BTC will “go sideways forever.” This is a wrong view, Mow believes, stating that he is seeing Bitcoin preparing to start increasing in price on a large scale: “That’s usually when it goes up. A lot.”People are starting to think #Bitcoin will go sideways forever. That’s usually when it goes up. A lot.— Samson Mow (@Excellion) September 2, 2024 On the day Bitcoin collapsed from above $64,000 to slightly under $59,000, Samson Mow tweeted that he was “still not selling” any of his BTC stash, posting a GIF with Leonardo DiCapreo based on the popular movie “The Wolf of Wall Street” where he played the main character part.On August 31, Mow published a post on the X platform, saying that he considers any Bitcoin price below the $100,000 level (which he called “$0.1 million” in a Bitcoin-maxi style) to be artificial. That was the time, when Bitcoin plunged together with the stock market and Nasdaq 100 index in particular.
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