The question in everyone's mind is whether Bitcoin (BTC) has reached a bottom point? There are many contradictory views about which point of view is justified, and there is evidence supporting both views. However, it seems that there has been more evidence supporting the fact that we have actually reached a bottom price at Bitcoin.
Is Bitcoin (BTC) at a Bottom Point?
As a company that is well known to all, Weiss Ratings, a company that provides research, data and insight to investors and traders around the world on traditional exchanges and crypto currencies, supporting the idea that Bitcoin has already hit rock bottom.
As previously reported by IIB, Weiss Ratings believes that it is time to buy Bitcoin as the prices are approaching $ 3,000. As seen in a tweet in December 2018, Weiss pointed to a bottom point for Bitcoin in the very near future and emphasized that this point provided a buying opportunity.
– Weiss Ratings (@WeissRatings) December 11, 2018
The interesting thing about this tweet is that Bitcoin reaches its lowest value in the current month market by $ 3.150, 4 days after December 15, 2018. Bitcoin has not fallen below this level since then, and the feeling around Bitcoin has grown more and more bullish.
Bitcoin Value of 570 Million Dollars Accumulated by 100 Largest Wallets in Last 60 Days
He tweeted again to assert that Bitcoin is at a low spot, as well as tweet by Weiss Ratings in December.
According to Weiss, the largest 100 Bitcoin wallets (except for stock exchanges) are buying a significant amount of Bitcoin in the last 60 days by buying from low prices. In fact, Weiss says that they have accumulated a total of 150,000 BTC's, worth 570 Million Dollars at today's prices.
– Weiss Ratings (@WeissRatings) February 27, 2019
Weiss did not provide any evidence to support these statements, but because they are a reputable research and data analysis company, his statements are considered to be correct.
What's more, if the largest BTC wallets accumulate so much bitcoin during the bear market's lowest prices, people think that this point is now a dot indicator for Bitcoin.
However, this seems to be good news for some, a Twitter user named Crypto Couple draws attention to this development from a negative point of view:
Analiz I see positive and negative analyzes on this issue. For me, it's not a good thing whales are bigger whales. It points to more manipulation powers. The whales, on the other hand, would like to have a bull race as everyone wishes. That's why we all profit when they decide to act. I hope the volume is strong enough to withstand the whale movement for a long time. Um
Another twitter user named Seba shares a tweet with the above statement.
Wales will completely crush the next bull market when they are up and running. panic -> more sell off will follow.
– Seba (@ 4themininoob) February 27, 2019
Taking these considerations into account, it is extremely important to remember how powerful these whips can be, and to stay awake when investing in crypto coins.
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The post Weiss Ratings: Whales Collecting Loaded Bitcoins The first appeared on Kriptokoin.com.