CZ once tweeted Bitcoin will drop from $101k to $85k

[NotATether]

And would you look at that, it very nearly happened. Not sure if we went all the way to $85k at some point in the last 48 hours though, but it was still a big drop.

Now we even have a new price target to reach, as you can see in the tweet above.

[Zed0X]

From Gecko, the lowest BTC had been in the last 7 days is $92K. Anyway, it's cool to see that it only took 4 years from when this was talked about again. The old heads were probably laughing at him when he tweeted that. As for Vivek's future headline, maybe in another 3 or 4 years?

[target]

Someone like CZ can really word out their prediction that has gravity to some people which will make them think it will happen in the future. If you are a trader on the look out of warning signs, would you consider his words a basis for your next trade?

Because I think this is really his way or saying sell now and get your opportunity to profit when 85k finally come and then you can buy back.

[taufik123]

The crypto market is unclear its fluctuations also do not persist in an uptrend, only go down when an uptrend occurs. Is this a manipulation that whales are doing to play with the market?

but whatever it is as CZ said it may happen or even vice versa, it is just a tweet that CZ himself admitted to only saying the headline that usually occurs after the increase occurs. If it does get down to $85k, set your money up to buy more, that's a great opportunity.

[0t3p0t]

$85k is actually a healthy pullback or dip and I even expect more than that like $70k-ish level and it is inevitable as we can see market is still having a down trend but it may also not go down directly as I can see that seems the market is on the sideways recently so yeah let us wait for more confirmation on where is the price heading.

[alltalk]

And would you look at that, it very nearly happened. Not sure if we went all the way to $85k at some point in the last 48 hours though, but it was still a big drop.

During the current big dump, the lowest price was around $92k. Sure, it is not very far from $85k. If there will be another dump in the near future, it is not impossible that we really can see $85k. Well, it is not surprising if CZ knows Bitcoin to drop to around $85k. He is a person who owns the number 1 crypto exchange in he world. He must have many sources to know this.

Now we even have a new price target to reach, as you can see in the tweet above.

It may not be a new target but it is a possible lowest price in the near future. The target should be a new ATH (if it is still possible). 
If Bitcoin really hits $85, the big question is : will Bitcoin to be pumped and cross $110k? or will Bitcoin to drop to $50k? (we are going to reach a peak price of BTC, or we are starting a bearish season).

[Findingnemo]

He said this in 2020 just to make his point that Bitcoin will reach 100K when people were speculating in 20K region so it has nothing to do with the current crash though.

[Mia Chloe]

And would you look at that, it very nearly happened. Not sure if we went all the way to $85k at some point in the last 48 hours though, but it was still a big drop.
Now we even have a new price target to reach, as you can see in the tweet above.

Basically in my opinion this all simply traces back down to the Ideal trend kind of set up. The idea is a bullish trend is expected to retest or rather as most persons like to call it , retrace at some point. The concept is usually because of the fact that sudden pump or dump in price usually leaves inefficiencies behind that later on needs to be mitigated before the pump or the dump resumes respectively.

These are basically just speculations because it's very possible for it to happen and simultaneously also there's a chance it won't happen that way in the end.

[philipma1957]

From Gecko, the lowest BTC had been in the last 7 days is $92K. Anyway, it's cool to see that it only took 4 years from when this was talked about again. The old heads were probably laughing at him when he tweeted that. As for Vivek's future headline, maybe in another 3 or 4 years?

It went to 91220 on coinbase.  I know because I got some for 91234

[bitterguy28]

From Gecko, the lowest BTC had been in the last 7 days is $92K. Anyway, it's cool to see that it only took 4 years from when this was talked about again. The old heads were probably laughing at him when he tweeted that.

i think it was $91k, no? anyway i do not think this is a bad thing exactly in case someone takes it the wrong way i think it shows how to some extent there is some predictability in bitcoin due to its cycle cz was close but it didn’t happen maybe because bitcoin is a lot less volatile than he would have expected

As for Vivek's future headline, maybe in another 3 or 4 years?

i do expect bitcoin’s price to reach that high in the next bull run but we’ll see

[armanda90]

Now have most significant impact tweet from US president Donald Trump, for CZ I don't think its true during have another big crash moment and his tweet actually is not the reason why bitcoin get down. Did you see the latest tweet or announcement from Donald Trump about his economic regulation for three countries China, Canada and Mexico make bitcoin get down last two days ago.
Now have to wait Donald Trump economic regulation for his country because bring bad and positive impact for bitcoin price will going up or going down.

[Bobcrypto]

Someone like CZ can really word out their prediction that has gravity to some people which will make them think it will happen in the future. If you are a trader on the look out of warning signs, would you consider his words a basis for your next trade?

Because I think this is really his way or saying sell now and get your opportunity to profit when 85k finally come and then you can buy back.

I think CZ has been on the crypto market for long time, though he has not claimed to be expert on the market price predictions, but having managed the biggest exchange, Binance, he might have good knowledge on Bitcoin price trends.
I think he his just giving out advice, it could be an opportunity for many people who took it serious to buy the dip and sell when the price moves to the resistance level. As for me, i take some of these advice very serious, and it good to sell and reposition at $90k to $89k level and may not necessarily place my buy order at $85k.

[JISAN]

And would you look at that, it very nearly happened. Not sure if we went all the way to $85k at some point in the last 48 hours though, but it was still a big drop.

Now we even have a new price target to reach, as you can see in the tweet above.

CZ's prediction is quite reasonable and Bitcoin price hit $91k after his tweet.  But the price of Bitcoin once again reached $101k+ but it again dropped to $96k today and has been fluctuating between 97-98k so far.  Bitcoin has yet to find a solid support through which we can predict that the price of Bitcoin will rise again and prove cz's prediction wrong.  There is still a big possibility that the price of Bitcoin will fall to $85k.  So the market is now very risky

[TomPluz]

Well, I prefer to know more of the first prediction from $300K to $235K which is not yet happening. In 2020, certainly, predicting that Bitcoin will eventually reach the $100K zone is already a very optimistic stance. Remember that the closing price for Bitcoin (BTC) on December 17, 2020 was $23,029.27. CZ was just driving a point in a comedic way and who would have expect that this tweet (now post) of him will resurfaced today as if telling us of what can happen with Bitcoin's price. CZ has the command of the market but it does not mean that everything he said and will say will eventually come true. Not unless of course, if a good number of investors and traders are going to listen to him and will start acting accordingly. Wait, should I sell my Bitcoin now? Please tell me, guys!

[target]

Someone like CZ can really word out their prediction that has gravity to some people which will make them think it will happen in the future. If you are a trader on the look out of warning signs, would you consider his words a basis for your next trade?

Because I think this is really his way or saying sell now and get your opportunity to profit when 85k finally come and then you can buy back.

I think CZ has been on the crypto market for long time, though he has not claimed to be expert on the market price predictions, but having managed the biggest exchange, Binance, he might have good knowledge on Bitcoin price trends.
I think he his just giving out advice, it could be an opportunity for many people who took it serious to buy the dip and sell when the price moves to the resistance level. As for me, i take some of these advice very serious, and it good to sell and reposition at $90k to $89k level and may not necessarily place my buy order at $85k.

I'm sure he can access the data where the volume of BTC trading inside binance may just be low or high which he can foresee possibilities. Exchanges have tried manipulating the market and although I'm not sure he once did it on Binance, he must have an idea how to do this and its effect. Wash trading been common malpractice but it made people come to the exchanges.

Buying at his suggested price doesn't necessarily be the right price as long as you can profit, its a good buy.