The “Big Short” Has Warning for “Trapped” Bitcoin Bulls : Michael Burry
According to Michael Burry ,”The Big Short” is stoking fears about the potential of Bitcoin bull trap.
Michael Burry is an American investor, hedge fund manager, and physician. He always remains continuously bearish on Bitcoin.
Recently Micheal tweeted about the situation of the Cryptocurrency market, especially about Bitcoin. He wrote in a tweet ” trapped bulls” often fall for the latest support”.
Through his tweet we can see that they commented about the Market when the price of Bitcoin recovered after revised crypto mining and crypto ban laws in china.
Related: China Moving Toward national Crypto Mining Ban
According to Micheal Burry, Bear situation of this market is now in play. Bear now regained control of this situation in the Cryptocurrency market.
He wants to explain that even a very high potential coin is not able to handle the situation of such creepy news. Bitcoin recovered from a big dump and that is a clear indication of how much this market is in a bearish situation.
In the last 5 month, bitcoin recently touched to around $28k dollar which is 20% dump for bitcoin in the last 5 month.
Last week he tweeted ” mother of all crashed” to warn the Cryptocurrency users & Investors. But now they deleted that tweet.
Also Micheal Burry talked about the Electric car company Tesla motors.
In May he placed a bet against Tesla that its stock will collapse by 90% back in February.
According to crypto experts, these all are warnings to manipulate the Cryptocurrency market and also no one can predict the future instead of baseless comments.
Well here we should see about the perfect plan and do a perfect analysis to handle the trading situation otherwise any person will not only manipulate this market but also our mind. So play with your money with your own strategy according to the situation.
