Bitcoin Update – Nov 11

Not too sure who reads or checks my blog, but this is my current chart. Keep in mind, I use a lot of datapoints and indicators to predict my prices. So far, as of writing this, the Bitcoin price is at 80.7k. Yes, I still do believe we are still early and yes, we will be aiming for 100k this cycle.

A lot of people out there don’t know exactly what they’re looking at with Bitcoin and its quite unfortunate. Especially when they do understand it, but looks at the fiat denomination. It’s not a “cypher punk” movement, but a global reserve currency in the making. I implore anyone who reads my posts to educate themselves on Bitcoin and really question the ebbs and flows of this asset.

One thing I will warn about is as price rises, many other traders and I will be setting up leveraged shorts and puts in the next couple of months. Not now, but sometime next year or in 2026. There’s times to be bullish and times to be bearish. For now, I’m simply scaling out and positioning to short to make more on the downside. I wouldn’t suggest anyone doing this off the bat. More than likely, you will be liquidated.

As of right now, I have not sold any Bitcoin. I don’t think I will as my next targets are really for the next cycle and beyond. Anyways, enjoy the bull run! More to come in the next couple of months!

Disclaimer: If you’re reading this, none of this post is financial and investment advice. It’s purely for entertainment purposes. You should do you own research as investing and trading is highly riskyI do use other data points to support my thesis. The ones shown are basic charts anyone can access and is only an overview of Bitcoin and the entire space.