Former Binance CEO CZ has issued a clarification regarding his previous X post from January 14th.
CZ took to X on January 18th stating that the “Today” in his previous post meant the general present and not that present day. CZ clarification comes after a series of backlash from the community.
The comments and clarification come amid Bitcoin reviving its upward trajectory. At press time, the OG-crypto is trading at $103,364.41, up 1.93%compared to the same time last day.
CZ’s Message of Clarification
CZ had previously tweeted a cryptic post, saying “Ever find yourself thinking, I wish I had…purchased bitcoins before the market crashed…….Today is earlier than all the days to come.”
Today, he clarified that The “today” in the message from January 14th did not refer to that particular day. It was a generalization that “today” comes before all future days.
Why Did CZ Face Backlash For His Post?
The Twitter community did not take the message from the January 14th post well, and it has received a lot of criticism. Perhaps this is especially true given that CZ recently called the $100K price of Bitcoin “boring” in another tweet.
The community had expressed strong disapproval of this comment. As UnoCrypto reported earlier, people referred to his statement as offensive and provocative, particularly in light of the erratic nature of cryptocurrencies.
Given CZ’s earlier, more cautious position in November, when Bitcoin first began hitting new highs, where he encouraged investors to “ape slowly” into positions and advised them to “not put all eggs in one basket,” the viewpoint is especially intriguing.
Also Read: Binance Founder CZ Claims “Bitcoin at $100K is Boring” After Multiple Breakouts
Bitcoin Price: What is Happening?
With a regaining trajectory, the present sentiment for Bitcoin is bullish, according to market indicators, and the Fear & Greed Index is at 75 (Greed).
During the previous 30 days, Bitcoin saw 2.48% price volatility and 15/30 (50%) green days. With 28 technical analysis indicators indicating optimistic signals and three indicating bearish signals, the overall sentiment for Bitcoin’s price prognosis is bullish.
Given that 2025 has big predictions for Bitcoin, the optimism around crypto markets can see Bitcoin’s 200-day SMA growing and reaching $82,125 by mid-February. During the same time, the short-term 50-day SMA for Bitcoin is predicted to reach $108,795.
To determine if a cryptocurrency is overbought (above 70) or oversold (below 30), one common indicator is the Relative Strength Index (RSI) momentum oscillator. The RSI number is at 57.75, indicating that the Bitcoin market is in a neutral state.