The Twitter analyst, nicknamed CryptoGodJohn, who is a follower of Binance CEO CZ, shared 2 altcoins he bought at bottom prices. Twitter will witness the analyst challenge $1,000 to $10,000 in the coming days.
CryptoGodJohn, followed by Binance CZ, shared 2 altcoins
The cryptocurrency market is taking a big hit after Jerome Powell’s hawkish statements on inflation. Bitcoin and altcoins lost big after the Fed made hawkish statements about economic policy on August 26. According to TradingView data, the total crypto market cap fell 8.95%, from $1,029 trillion to $936.87 billion overnight. Meanwhile, most altcoins, including Ethereum, are on their way to June’s lows.
Twitter analyst CryptoGodJohn, of whom Binance CEO CZ is among his followers, says he bought ATOM and CHZ during the crash. The analyst also shared that Powell took a profit in the altcoins he took positions after the statements.
https://twitter.com/CryptoGodJohn/status/1563277788060168193
Chiliz (CHZ) is up more than 35% this week
The price of Chiliz (CHZ) has risen nearly 35% over the past two weeks, recording a local high of $0.26. One of the reasons behind the CHZ rally was the announcement of Chiliz founder Alexandre Dreyfus that they would be leaving Ethereum. On August 22, Dreyfu announced their intention to stop using Ethereum and replace their native blockchain with CHZ 2.0. CHZ’s price boom this week also coincided with a surge in whale activity. According to data provided by Santiment, the number of CHZ transactions worth over $100,000 reached 105 on August 23, the highest level since March 29.
Finally, Chiliz’s price increase comes as part of a technical exit that started in mid-August. Coming out of the cup and handle pattern on August 14, CHZ did what most analysts and investors expected. Meanwhile, CHZ was quite interestingly outperforming Bitcoin and Ethereum. However, CryptoGodJohn is marking the yen bottom for BTC.
CryptoGodJohn expects this level in Bitcoin price
Bitcoin (BTC) hit six-week lows below $20,000. The drop is felt throughout the altcoin market as well as in Bitcoin. CryptoGodJohn shared that while BTC was trading above $21,000 yesterday, a drop to $18,600 is expected. Bitcoin price stopped its bear moves in the $19,890.52 region after breaking $20,000. The analyst says that the bottom target of $18,600 will eventually come true.
https://twitter.com/CryptoGodJohn/status/1563276775739650050
Sparking the market selloff, Fed chairman Powell warned that “there will be some pain ahead” in the months ahead as the central bank continues its battle with inflation. As you follow on Kriptokoin.com, Powell announced that they will maintain strict policies for price stability. The cryptocurrency market is currently pricing these statements negatively.
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