OTC Whales Are Defending 6K Bitcoin (BTC)?! – Crypto Market Technical Analysis & Cryptocurrency News

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Are OTC Whales defending 6K for Bitcoin (BTC)?! Let’s discuss this and some cryptocurrency trading technical analysis (TA) + current market news on today’s video!

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Disclaimer: The content covered in this video/live stream is NOT investment advice. Iโ€™m NOT a financial adviser. These are only my own personal opinions, ideas, charts, technical analysis (TA), insights, news and price predictions. Always do your own research and only invest solely based on your own findings and personal judgement. Deciding to invest in and/or buy Bitcoin (BTC) or any other type of cryptocurrency is extremely high risk and the market can crash at any time! This video/live stream is purely for entertainment purposes only!

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About the Author: Crypto Kirby Trading

44 Comments

  1. The real question you have to ask is, why would someone be defending the 6K price so vigorously? Who would benefit the most from this?

  2. Kirbs…it is possible that larger institutions have already secured their position when BTC was back in the 3k or lower range last year?

  3. โ€œAnd when poop coin Patrick is taking that one way trip to rekt city, taking that walk down liquidation boulevard with ETF Eric and his hodltrain homiesโ€ ๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

  4. Another comment made on the string pointed out that if Bakkt has indeed acquired all the BTC they need, then the lowest price they could have acquired it was about $5800. Logically, it would seem that they would defend that price for sure. So, thinking a little more about this, let's suppose that Bakkt, Fidelity Digital Assets, etc., have their BTC stores already. Might it be a somewhat good ole boys club in that they will let their institutional investors in at a low, and somewhat stable price before allowing the retail investor in? After all, it is the retail investor that will drive up the values of all the cryptocurrencies and this is how the whales and institutional investors will make the next killing in the market. Thoughts? We may be in for an extended equilibrium ride for the next month or so if this is true. Keep up the good work Kirby!! I really value your insight!!

  5. lets say this entity really exists because you have a good point. lets say that entity or institution was traditional use to the regular stock market like maybe some kind of hedge fund giant or something. this would be their reason for buying so much btc once those futures were in play. looks like they ran out of reserve to control the market with. which means they are probably getting ready to buy again its going to be pretty interesting to see how this plays out. There will be a lot more institutional money in the game this time around is what it seems.

  6. Respect your logical and level headed approach man, keeping it real. I've seen moon boys diss you on other channels lmao people can be so delusional with hope.

  7. these videos are beyond awesome . I think the main reason the fact you are pretty real and open to talk about any aspac of the crytpo market . Keep up the amazing Videos

  8. If the market makers are smart then they will pump it because it's the start of November which will make people believe even more in Bitcoin's seasonality and they can use that in the future.

  9. Kirby man, you have got to be the best crypto youtuber out there ..im not saying you are right 100%(because with crypto we never know what will happen at the end) of the time but the way you talk and do this, no one can say "ahh he is shilling his favorite project" and you keep it real all the time.

  10. 75k initial investment. 26k now. I tethered all 75k when bitcoin couldn't crack 10k. But like you said. I was eager to force a position and played with poopcoins. I just want to break even at this point…

  11. @Kirby Not sure about other coins, but if you look at Ethereum and ETC they are equally profitable to mine. At the same time they are both just barely profitable only for miners with paid off equipment. Kind of looking like they pushed the price down to the point that if they go lower then the mass exit of network support could cripple the coins existence. So the real support is the threshold between mining profitability, and mining loss. Kind of like the manipulators know not to shoot themselves in the foot.

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