The founder of Binance, Changpeng Zhao, is still optimistic about Bitcoin rally prediction and believes it will hit $1 million.
Investors were concerned when Bitcoin (BTC) fell below the crucial $90k support in the most recent crypto market crisis. However, Changpeng Zhao, the CEO of Binance, provided investors with a hopeful assessment. CZ made the noteworthy prediction that Bitcoin will rise and finally hit $1 million.
On the other hand, Peter Schiff, a Bitcoin skeptic, predicted a protracted collapse for BTC and saw the recent decline as only the start of a longer one.
Changpeng Zhao Is Still Confident About Bitcoin Rally Prediction
Changpeng Zhao, the founder of Binance, responded to the recent turbulence in the cryptocurrency market by writing on X, “Don’t panic, bitcoin won’t die.” CZ’s words of support stirred the community, as others considered his upbeat perspective.
Changpeng Zhao’s audacious forecast of Bitcoin’s future trajectory supported his positive outlook. CZ predicted in an X post that Bitcoin would rise to an ambitious $1,000,000 after surpassing the noteworthy $100k mark. “Waiting for the new headline: Bitcoin “CRASHES” from $1,001,000 to $985,000,” CZ wrote in a lighthearted post.
Changpeng Zhao: What’s Seeking $100K in Bitcoin?
Interestingly, Changpeng Zhao’s most recent $1 million forecast follows his earlier forecast that Bitcoin price will hit $100k. CZ wrote a message on X on December 17, 2020, asking his followers to bookmark it for later use. “Waiting for the new headline: Bitcoin “CRASHES” from $101,000 to $85,000,” the post said.
When Bitcoin was only trading at $20,000, CZ made the astounding prediction that it would rise to $100,000. This audacious prediction has turned out to be incredibly accurate, as Bitcoin achieved the $100K milestone in an astoundingly short three years. CZ’s most recent $1M prediction for Bitcoin is noteworthy, especially considering his stellar record.
Changpeng Zhao recently prioritized security after reflecting on the $1.4 billion Bybit breach. CZ asserts that stopping withdrawals after a compromise is crucial for security.
Bitcoin Price Prepares For Big Rally
Experts in the market offer technical analysis emphasizing Bitcoin’s potential rally, supporting Changpeng Zhao’s prediction. For example, Altcoin Scholar found that Bitcoin is getting close to a significant horizontal trendline and a critical rising trendline support. This threshold, approximately $85k, is essential to the rising trend of Bitcoin.
Similarly, even when Bitcoin fell below the $90k mark, Ufo Calls, another well-known cryptocurrency voice on X, expressed optimism. The analyst claims that Bitcoin is presently going through a brief correction. They also predicted that Bitcoin would bounce back and keep growing.
