- A Tweet by Michael Burry in January of 2023 left people concerned about the BTC price.
- Dan Gambardello does not see this tweet as a bearish sign for BTC.
- בטק איז דערווייַל טריידינג הענט ביי $ 22,698.21 נאָך אַ 2.19% קאַפּ אין פּרייַז.
On January 31 of 2023, American investor and Hedge Fund Manager Michael Burry took to Twitter with a cryptic tweet merely stating “sell”. Many were confused about what exactly he meant by this while other believe this has something to do with ביטקאָין (בטק) and the crypto possibly crashing in 2023.
Crypto YouTuber and analyst Dan GAmbardello referred to this very tweet in his newest video and explored what this could possibly mean to the crypto industry and BTC specifically.
According to Gambardello, he does not see this tweet as a bearish sign for the קריפּטאָ מאַרק leader at all. The analyst stated that he is looking at the tweet through a macro minded lens and is waiting for the big picture to play out.
From a technical viewpoint, Gambardello brought up BTC’s weekly chart where the 50-week Moving Average (MA) is moving below the 200-week MA. He stated that many will see this as an extreme bearish indicator, but he believes this could signal that the worst is over for BTC.
According to CoinMarketCap. BTC is currently trading hands at $22,698.21 after a 2.19% drop in price over the last 24 hours. The crypto king is also in the red by more than 4% over the last week. BTC did, however, strengthen against Ethereum (ETH) by about 0.31% over the last day.
BTC’s 24 hour trading volume is currently in the green zone and stands at $29,469,711,918 after a more than 10% increase since yesterday.
אָפּלייקענונג: די מיינונגען און מיינונגען, ווי געזונט ווי אַלע די אינפֿאָרמאַציע שערד אין דעם פּרייַז אַנאַליסיס, זענען ארויס אין גוט אמונה. לייענער מוזן טאָן זייער אייגענע פאָרשונג און רעכט דיליאַנס. קיין קאַמף גענומען דורך די לייענער איז שטרענג אויף זייער אייגן ריזיקירן. קאָין אַדישאַן און זייַן אַפיליאַץ וועט ניט זיין פאַראַנטוואָרטלעך פֿאַר קיין דירעקט אָדער ומדירעקט שעדיקן אָדער אָנווער.
Source: https://coinedition.com/analyst-urges-people-to-look-at-btc-through-a-macro-minded-lens/