The bet worth 10 Bitcoin between Changpeng Zhao and BitKrabs

If Max Keiser is optimistic about the BTC price, the “whale” Bitcoin BitKrabs claims that its value will fall below $ 8,000 by the end of August. He bet 10 Bitcoin with CEO Binance Changpeng Zhao (CZ) on this prediction.

Zhao is optimistic

The 10 Bitcoin bet was posted on Twitter. This comes from a message posted by Zhao warning investors not to bet against Bitcoin:

“Slap yourself if you sold BTC under $ 10,000. You didn’t bet against Bitcoin ”,

said Zhao, posting price charts showing $ 12,200 in excess.

This is not financial advice, but you can slap yourself a little harder now.

Don’t bet against $ B.. https://t.co/3q1iVyk24X

– CZ Binance (@cz_binance) August 6, 2019

He hinted that this cryptocurrency is currently experiencing an upward trend that has not come to an end.

“Krabby” contradicts him

BitKrabs, self-titled “whale” Bitcoin and crypto investment fund manager, is of another opinion:

“I contradict you … if it does not go below 8k this month, I personally send you 10 BTC.”

Any bet against bitcoin?

Okay, well i disagree,

… If it crashes back below 8k this month, personally personally send you 10 BTC.

– Kra₿₿y ? (@BitKrabs) August 6, 2019

“Krabby” explained that, in his opinion, Bitcoin will fail in trying to overcome the resistance level of $ 12,000. This will result in a drop of around $ 7,500-8,000, followed by a $ 9,000 retest in the middle of the month.

So far, Bitcoin has tested the level of $ 12,200 during the day of August 6, but has since dropped to $ 11,500. This year, the maximum value of the BTC was recorded at the end of June, when it exceeded $ 13,750 for a short time.