RATE Group | Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin
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Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin

26 Jul Why Crypto Twitter’s Biggest Bull Suddenly Turned Bearish on Bitcoin

Posted at 21:07h in Bitcoin News by

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The pseudonymous Majin isn’t the most popular trader on Crypto Twitter, but even haters must admit that he’s got a knack for reading the market and has been on a hot streak since at least December 2018.

Just to give you an example of how he called the bitcoin bottom, he tweeted a chart on January 28 that shows the leading cryptocurrency bottoming out at $3,200 and pumping above $4,000. As we all know, that came to pass.

Since then and up until recently, Majin has been calling for bitcoin to trade higher. When people were thinking that $6,000 was the end of the rally, the analyst called for a swift move above $7,000. When bitcoin breached $8,000, the trader continued to be bullish. Majin relied on a technical indicator (white dots) showing that bitcoin was trending higher.

Bitcoin price chart
Majin was confident to make bullish calls as price traded above the white dots…

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