General Director at Binance, the world’s largest cryptocurrency exchanges by trading volume, Changpeng Zhao (CZ) believes that the bullish rally in the cryptocurrency market once again can begin at any point in time.
Changpeng Zhao, CEO of cryptocurrency exchange Binance, expressed his positive attitude on the early resumption of the bullish cycle in the market of digital assets. My point of view CZ said in an interview with CryptoGlobe the conference Consensus: Singapore 2018.
Choosing his words carefully, CSN noted the strong support bitcoin at $6000, comparing it with support for 2015 in the neighborhood of $200. Zhao also said that in the study of graphics of bitcoin at the annual timeframe, it is absolutely not watching the bearish trend.
“If You look at weekly or monthly chart of bitcoin, You will definitely see a drop, but once You open the annual schedule of cryptocurrency, how it’s all gonna fall into place. I always appreciate the market in the long-term scale.”
According to Zhao, the bullish rally will overwhelm the market in the period from October to December 2018, since historically data of the month most favorable to bitcoin comeback.
Meanwhile, CSN noted that he is not a trader, but rather an avid Hodler.
“I never trade, adhere to the strategy of “Buy and hold”.
We will remind, earlier CZ also stated that bitcoin is in an advantageous position, despite the 70% retracement from the beginning of 2018, especially given the rally 2017.
Note, in the following year, the company Binance, at the request of the administration, will be open from 5 to 10 crypto-Fiat exchanges, two on each continent.