The bears have been bashing Bitcoin, but more and more analysts are popping up to prove them wrong.
Now, Will Clemente dropped some pretty important tweets in which he addresses the Bitcoin accumulation these days and more.
Check out the main tweet that he shared below.
Strongest on-chain accumulation in the history of Bitcoin.
Bears are flat out wrong, enjoy the shake out before $50K+⌛️
— Will Clemente (@WClementeIII) August 30, 2021
People in crypto Twitter are debating whether this is a good time to buy. They are also addressing the fact that there are no new buyers in the market.
Someone said: “The buyers will come when there is a significant catalyst,” and another follwoer posted this: “That’s correct!…this is what is missing right now. We need an exogenous event to pull up the buyer…after that….fast your seat belt!”
Another follower said: “But if buyers do come when there is an increase in volume it would give whales the perfect time to sell(people who have been holding since 20k). Selling on low volume would just cause mass slippage and loss for them.”
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $47,831.70.
PlanB shared a relevant tweet about the price of BTC, and he’s telling people to watch out for October and not September.
Will August indeed close >$47K?🤞
Btw these are worst case / floor estimates, so do not worry about Sep >$43K, my base case prediction is based on S2F: $100K. I use the floor stuff for options. pic.twitter.com/HGXa5MMqH0
— PlanB (@100trillionUSD) August 31, 2021
Bitcoin adoption explodes
Bitcoin has been doing great lately, and despite the massive volatility in the crypto space, the king coin is trading around $50k for a while now. More than that, mass adoption is also going great, and good things are taking the goals of the crypto space to the right track.
There are only 8 days left until BTC becomes a legal currency in El Salvador. This move was extremely important for the crypto space.