Binance co-founder and former CEO, Changpeng “CZ” Zhao, recently teased higher Bitcoin prices with a recent post questioning if investors bought the dip.
Bitcoin struggled over the weekend, closing in the red on both Saturday and Sunday. Interestingly, the two-day recession was the premier asset’s first for seven consecutive days amid recent price resurgence.
Nonetheless, Changpeng Zhao, popularly known as CZ, inquired whether market enthusiasts had taken advantage of the price corrections. In an April 27 tweet, he again reiterated his stance to his over 10 million audience on X that every dip is an opportunity to stack more choice assets.
Hope You Bought the Dip?
CZ saw Bitcoin’s latest price struggles as another buy opportunity, a sentiment he has shared often on his social media handle. The former CEO, who is currently the crypto advisor to Pakistan, has been sharing a similar message whenever the crypto market retraces, assuring users that higher prices are on the horizon.
Recall that he made a similar statement on January 14, a day after Bitcoin briefly crashed to $89,400. He emphasized the importance of downsides like that, insisting it gives users who wish they bought Bitcoin early or used dips to their full effect an opportunity to do so.
Have you ever thought to yourself, "I wish I had…"
bought bitcoins early
bought the dip
held
learned about crypto early
ignored FUDBut when the opportunity presents itself again, will you act?
Today is earlier than all the days to come. 🤷♂️
Not financial advice.
— CZ 🔶 BNB (@cz_binance) January 14, 2025
Meanwhile, Bitcoin has rebounded from its low on Sunday and an earlier dip on Monday below $93,000 to trade close to $95,000. Furthermore, CZ’s comments have fueled optimism that Bitcoin could target even higher prices in the near term.
Higher Bitcoin Prices?
The tweet from the former CEO, who accurately predicted Bitcoin’s crash to $85,000 from six figures, adds to the bullish outlook from market observers amid the premier crypto asset’s price rebound. Notably, this optimism stems from the sentiment that higher prices typically follow each Bitcoin downside.
Interestingly, CZ recently predicted an ambitious Bitcoin surge to $1 million per coin. While he did not set a timeline for its realization, as he hasn’t with earlier predictions, he expressed a strong belief that the leading crypto token would reach the price mark.
Meanwhile, in the short term, Bitcoin maxi Alfred expects BTC to reclaim the six-figure mark, specifically $109,000, after successfully recovering $95,000. According to him, there is an air gap between the two price marks; hence, Bitcoin will not encounter any resistance if upward momentum persists.
At the time of writing, Bitcoin is trading at $94,836, with a market capitalization of $1.88 trillion.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
