Why $11,600 May Be Next For Bitcoin…

This market trading analysis applies to various exchanges, including Bitmex and Binance. Tackling questions like if Bitcoin can reach 20k again and if we will be seeing a crypto currency market recovery this year. Things like the lightning network have provided huge improvements for BTC and while it is true that others like Roger Ver with Bitcoin Cash (bcash) may disagree, I do see these blockchain technology innovations to be very bullish fundamental signs for the space.

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30 commentaires sur “Why $11,600 May Be Next For Bitcoin…”

  1. Sharp reversal to $5800-$6300 before next bull run to 9-10k region. Do not FOMO in now wait for the next entry point.

  2. dude come on you were saying that btc will go down and you told in a video that you shorted… Now you say I predicted the up move…

  3. Dam I got wrecked with spikes three times dam, need a retrace to start again. There is no method to BTC movements.

  4. I live for the times when emotion takes over, because to be honest, I understand the patterns better.

    I do not have much of a formal education in economics or anything like that, but I do have a degree in anthropology (say what you will) and so far, I have done really well for myself following cultural trends with marijuana stocks and crypto. Everyone says they can't tell what is going to happen, but given how much I am hearing about crypto lately, it's just going to keep going up for a while. Especially considering that China wants to ban crypto mining, while at least one member of the U.S. House of Representatives wants to ban crypto outright to protect the value of the US dollar.

    I don't expect the crypto community, and its largely libertarian base, to be affected by these threats. In fact, I think it will cause more people to buy and hold, just in case. It would be difficult to enforce a ban on crypto, and the fact that various powerful governments want to ban it just validates the idea that it is becoming more popular in the culture. Now, we have more and more businesses willing to accept it as well. I think new highs are on the horizon. I'd be surprised if it didn't surpass $20k by a good bit. I don't know when it will start to decline though.

  5. the current bitcoin market is in the hands of some very sophisticated risky whales who are experienced in pump bump and runUP the markets.. they are a small elite group and now how to manipulate the markets at will… this all started with a 25% 1000 dollar increase in btc in a matter of hours… the rest is history and has acquired by momentum from the average Joe Investor thinking FOMO… soon there must b a blow off top as this UP direction can not continue much longer… a big sell off is near, profit taking coming soon and possibly a rinse and repeat later after this Bitcoin Pump Bump rehearsal 🙂 Hodl what you have as BTC is going past the MOON!

  6. With due respect, all these guys are gambling advisers. Dont constantly take risk to either lose money or gain, BS. Bitcoin is to keep, not to daily trade. It's like putting your hard earned money down and buy yourself tons of tension every fuckin day. Just buy and hold long enough until at least your money is tripled, or even much higher….I know ppl who lost a lot of money after listening to these guys.

  7. If TA is all about psychology and crowd behaviour then does it follow that the recent pumps are not caused by a crowd and more likely to be a few individuals with a lot of influence?

  8. Thanks for the analysis Sami. But didn't you also say before that you are pretty sure without a doubt that we're going back in the 3.3k zone?

  9. Sorry to hear you got squeezed. Bitcoin bull markets are far more difficult than most people think. I made a lot of mistakes back in '16 and '17, not this time.

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