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Samson Mow on Bitcoin and Ethereum: Market Predictions and Trends

Samson Mow on Bitcoin and Ethereum: Market Predictions and Trends

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by Giorgi Kostiuk

2 hours ago

Samson Mow, a Bitcoin supporter and CEO of JAN3, shares his market predictions focusing on Bitcoin and Ethereum.

Samson Mow's Predictions

On August 22, Samson Mow expressed his view on when Bitcoin would begin to rise again. According to Mow, this will happen once Bitcoin's market dominance increases again. Recently, it has dropped to 58% as Ethereum surged in price, along with other altcoins.

Ethereum Market

Mow pointed out that Ethereum is 'in the final stages of this recent pump and dump.' He predicted that once ETH resumes its 'long-term downtrend against Bitcoin,' BTC will rally again. He quoted his previous tweet, stating that Ethereum has shed 12.7% since Sunday, dropping below the $4,956 level to $4,327 on Monday.

Bitcoin Market Trends

However, Ethereum has closely followed Bitcoin's price movement. Bitcoin has lost 4.77% since Sunday but has regained 1.08% as of now. Currently, Bitcoin is trading at $110,171 per coin.

Thus, Samson Mow remains confident in his predictions for Bitcoin and Ethereum, emphasizing the significance of Bitcoin's market dominance for future price changes.

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