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.”
He had warned us before!
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.
*This is not investment advice.
