Recently, crypto entrepreneur Bobby Lee, who is the brother of Litecoin creator Charlie Lee, shared his latest thoughts on Bitcoin.<\/p>\n
According to a report by The Daily Hodl, during an interview with Rishaad Salamat and David Ingles on \u201cBloomberg Markets: Asia\u201d on 21 November 2022, Lee had this to say about Bitcoin:<\/p>\n
\u201c[Bitcoin] has crashed down to below $16,000. Previously, I\u2019ve said that it will probably go to $15,000. Given the magnitude of the FTX blow-up, it could go down to $13,000 or even touch $10,000. That\u2019s going to be a very, very drastic crash. There has to be more bad news to come out\u2026\u00a0<\/em><\/p>\n \u201cAs we know in the market, in the last week or so, we\u2019re looking at the troubles of Genesis, one of the prime brokers in the crypto market. So if something bad happens with that or if something bad happens with the USDT stablecoin, then could see much worse prices coming up in a few weeks.\u201d<\/em><\/p>\n On Wednesday (30 November 2022), popular and highly respected on-chain analyst Willy Woo shared his thoughts about Bitcoin during an interview with crypto analyst Scott Melker (\u201cThe Wolf of All Streets\u201d).<\/p>\n According to a\u00a0report\u00a0by The Daily Hodl, Woo said:<\/p>\n \u201cIt\u2019s that time in the cycle really that the accumulation does come in, right? People buy, they put a floor on the price, the volatility drops. And we saw that in the 2018 bottom, 2015 bottom. We even saw it in the 2012 bottom. So, yeah, sure, people are holding the price up because they want Bitcoin.<\/em>..<\/p>\n \u201cWhat was really interesting with the BlockFi bankruptcy, we saw a sort of pullback. It went down beforehand. I kind of think that was inside sellers, knowing that the announcement would happen. It went down $500 or something like that and it got quickly absorbed. And then now we\u2019re breaking to the upside. So I think we\u2019ve got a lot of buyers at this price.<\/em>..<\/p>\n