Crypto whale promises to give 10 BTC to Binance CEO if price drops below $8,000

  • Zhao feels that Bitcoin is in the middle of a rally and hasn't reached its peak yet.
  • A crypto whale going by "Bit Krabs" believes that BTC will falter that the $11,000-$12,000 resistance level.

Binance CEO Changpeng "CZ" Zhao took to Twitter to warn investors not to bet against Bitcoin. According to him, the coin is in the middle of a rally and hasn't reached its peak yet.

"Slap yourself, if you sold $BTC under $10,000. 

This is not financial advice, but you can slap yourself a little harder now. Don't bet against $B."

While some analysts are predicting a further upward movement for BTC, a crypto whale going by "Bit Krabs" feel otherwise. BitKrabs, who claims to be a Bitcoin fund manager, had earlier tweeted that there is heavy resistance between $11,000 and $12,000. While BTC was able to break past the $12k level, it fell back below it. He is so confident in his analysis, that he is ready to send him 10 BTC if the price drops below $8,000 by the end of this month.

"Don't bet against bitcoin? Okay, well I disagree, ... if it doesn't crash back below 8k this month, I'll personally send you 10 BTC."

As expected, the post has attracted many "crypto beggars" who are trying to convince Bit Krabs to send them the money instead of the already wealthy CZ.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Crypto Today: Calm between the storm? Schiff says look out below, Dash, Monero stand out

Bitcoin in mid-range, BTC/USD is trading just below $7,400 after experiencing rises and falls of hundreds of dollars within days. Peter Schiff, a life-long crypto skeptic, said that pumpers and dumper have lost the plot, and added: "Look out below".

More Cryptocurrencies News

Ethereum Price Analysis: ETH/USD bumps into $148.00, waits for new drivers

ETH/USD has recovered to $148.00 on Thursday; however, the upside momentum has faded away during early Asian hours. The second largest coin with the current market capitalization of $16.2 billion has settled in a tight range limited by $148.00 on the upside.

More Ethereum News

Monero Price Analysis: XMR/USD rises from the ashes

Monero is arguably the biggest single-digit gainer on the first Friday of December. The crypto has increased in value by 2% on the day after opening the trading session at $55.01. 

More Monero News

Bitcoin Cash price analysis: BCH/USD market momentum turns from bearish to bullish

BCH/USD is on course of charting its second straight bullish day. Currently, the price has gone up slightly to $211.75 and is floating below the 20-day Simple Moving Average (SMA 20), SMA 50 and SMA 200 curves. 

More Bitcoin Cash News


Bitcoin Weekly Forecast: It's all about whales again

On the cryptocurrency market, regulators, governments and central bankers and other big names like that are inferior to whales when it comes to generating trends and price movements.

Read the weekly forecast