Bitcoin 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.<\/p>\n
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\u2019s technical formations may support this possibility.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading up over 1% at its current price<\/a> 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.<\/p>\n 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.<\/p>\n 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<\/a> has been incurring as of late, and send it reeling lower.<\/p>\n Despite this, Max Keiser, 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.<\/p>\n \u201cI\u2019m sensing #Bitcoin will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low,\u201d he explained.<\/p><\/blockquote>\n I\u2019m sensing #Bitcoin<\/a> will cross $15,000 this week. Confidence in central governments, central banks, and centralized, fiat money is at a multi-decade low.<\/p>\n — Max Keiser (@maxkeiser) August 3, 2019<\/a><\/p><\/blockquote>\n\n