Changpeng Zhao (CZ), the former CEO of Binance, the world’s largest cryptocurrency exchange, made a new post after Bitcoin broke a record by exceeding $ 111,000.
Explaining the point to be considered when investing in Bitcoin (BTC), CZ said that one should look at the annual chart of BTC, not the one-minute chart.
CZ, in his post from his X account, said that he was sorry for those who sold Bitcoin at $77,000.
CZ pointed out that Bitcoin has increased by over 40% from $77,000 and recommended looking at the annual chart instead of focusing on the one-minute chart when making sales or trading decisions in BTC.
“I feel bad for those who sold Bitcoin at $77,000. Don’t forget to look at the yearly chart instead of the 1-minute chart sometimes.”
CZ had recently shared a post about Bitcoin and altcoin investments. CZ stated that both investing in cryptocurrencies and not investing in them are risky and that investment decisions should be made after good research.
Related News: Binance Founder CZ Warns About Bitcoin (BTC) and Altcoin Investments!
*This is not investment advice.
Continue Reading: Following the New Record in Bitcoin, Binance Former CEO CZ Posted a Post! “He Gave Gold Advice to BTC Investors!”
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Author: NixCoin
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