Bitcoin went crazy yesterday and it went well above USD13,000 before it retraced a little bit today. Mattie will look into what might have caused the latest bitcoin price rally as well as the latest btc price predictions. He will also touch base on the crazy BitMEX volume we’ve seen lately.
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References:

5 theories behind bitcoin’s dizzying rally above $12,000
https://markets.businessinsider.com/currencies/news/5-theories-bitcoin-price-tripled-to-12000-in-three-months-2019-6-1028310147#central-banks-may-be-juicing-bitcoin-demand3

#Bitcoin expected to reach $50K, tops $12K for the first time since Jan 2018
https://www.moneycontrol.com/news/business/markets/bitcoin-expected-to-reach-50k-tops-12k-for-the-first-time-since-jan-2018-4139071.html

#BitMEX Volume Hits $11 Billion As Bitcoin Nears $14,000: Is Retail Demand for #Crypto Coming Back?
https://www.forbes.com/sites/youngjoseph/2019/06/26/bitmex-volume-hits-11-billion-as-bitcoin-nears-14000-is-retail-demand-coming-back/

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17 replies
  1. Carolyn Karr Drozdiak
    Carolyn Karr Drozdiak says:

    Love ❤️ the vid. Thanks very much for jumping in and sharing your analysis in these market conditions. Markets of course will correct. I believe we're seeing some effect from the fact that this year is getting a lot more attention from the institutional investor and we'll see more as Bakkt and others move forward. And they have a lot of money. Bitcoin is the main 1st target of these institutional platforms (Ethereum #2).

    More money getting interested, but the same supply of Bitcoins. With more money pushing upward I would expect wilder swings but also charts getting skewed to the upside, such as Bitcoin blowing through expected resistance as we saw several times recently. And corrections may sometimes be seen in more sideways movement than steep drops. Especially as it heats up.

    But you have a lot more experience and your honest sharing of it is great.My only advice for investors and new bees is to take advantage of Mr Yass’s program, a pro trader who’s is helping investors accumulate more bitcoin through his amazing trading strategy, with his program I went from having 2.5btc to 9btc in just 3weeks. You can reach him on cryptonomads0@gmail.com or telegram @cryptonomads0 .

    Reply
  2. Terry Higgins
    Terry Higgins says:

    Here's a theory, call me mad but… BTC is extremely rare and scarce. That's it. That's all you need to know. Rarer and scarcer than most people really wrap their heads around. How many do YOU own? Your friends? Family? Exactly. This stuff is rare rare rare. People are scrambling to get like 0.1 or 0.5 BTC and that's all they can afford. If you have 1 BTC you are elite. This is scarce, and scarcity will equal very high prices.

    Reply

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