Three Arrows Capital co-founder and CEO Su Zhu has taken to Twitter to reveal his awfully precise Bitcoin price target of $88,888. The Credit-Suisse-trader-turned-crypto-billionaire claims that the flagship cryptocurrency will be able to hit the aforementioned target in less than two months from now.
88888$BTC
— Zhu Su 🔺 (@zhusu) August 22, 2021
This comes after fellow co-founder Kyle Davies tweeted that Bitcoin looked like it wanted to “supercycle” right through all-time highs.
#Bitcoin looks like it wants to supercycle right through ATH’s
— Kyle Davies (@kyled116) August 20, 2021
Extreme greed
On Aug. 21, Bitcoin hit a three-month high of $49,830 on the Bitstamp exchange, with bulls now back in the driver’s seat.
Alternative.me's “Crypto Fear & Greed Index” is now at 78 after entering the “extreme greed” territory.
Still, the index is still far from its peak level of 95 that was reached in February.
Bitcoin Fear and Greed Index is 78 — Extreme Greed pic.twitter.com/RTjD5Lc5iy
— Bitcoin Fear and Greed Index (@BitcoinFear) August 22, 2021
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