Max Keiser Claims Bitcoin May Target $15,000 This Week, and TA May Support This

and the aggregated crypto markets have incurred a significant amount of upwards momentum over the past few days that has allowed BTC to put a significant amount of distance between its current price and its recent lows of $9,100.

Now, one Bitcoin advocate is claiming that there is a high possibility that the crypto runs as high as $15,000 in the next week or so, and the crypto’s technical formations may this possibility.

Bitcoin Runs Towards $11,000 as Buying Pressure Builds

At the time of writing, Bitcoin is trading up over 1% at its current price of $10,945, which is up significantly from its daily lows of $10,600, which were set yesterday after a short period of choppy trading.

Importantly, this upwards momentum has sent BTC up to a key resistance level of $11,000, which was the price at which the cryptocurrency faced a swift rejection at a couple weeks ago.

Currently it remains unclear as to whether or not this price level will once again be a strong region of resistance, but any significant rejection here may invalidate the bullishness BTC has been incurring as of late, and send it reeling lower.

Despite this, , an incredibly popular figure within the cryptocurrency industry, explained in a recent tweet that he believes that low-confidence in centralized institutions could push BTC towards $15,000 in the very near future.

“I’m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low,” he explained.

Technical Analysis May Support Keiser’s Theory

Although a surge from below $11,000 to over $15,000 seems somewhat farfetched, it may actually be quite plausible while considering the bullish technical formations BTC has been incurring.

Josh Olszewicz, a popular cryptocurrency analyst on Twitter, explained in a recent tweet that a follow through on some bullish technical signals could lead Bitcoin as high as $18,500 in the near-future.

“4h $BTC: e2e nearly complete now, had a few things to support prob of success: – bullish tk cross – confluence w/pattern formation (A&E) – past few convincing 4h kumo breakouts since april have been 40%-70% moves moves, would be 15-18.5 in this case,” he explained in a recent tweet.

As the week wraps up, it is highly probable that analysts and investors alike will soon gain greater insight into whether or not Bitcoin is ready to begin a fresh upwards surge.



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