Mohit Sorout: Bitcoin’s price acting differently in 2023

Crypto Trading Secrets

Mohit Sorout, under the handle @singhsoro on Twitter, is a crypto trader who trades largely based on trend-following. In this episode, Sorout weighs in on whether or not Bitcoin is still in a bear market, his background, impacts on Bitcoin’s price over 2023 and more. As usual, this episode contains questions relating to the show’s three main segments — finding the bottom, trade secrets and the next bull run.
This interview was recorded on July 21, 2023.
Mohit Sorout’s Twitter: @singhsoro
BJ’s Twitter: @BenjaminPirus
Cointelegraph’s Twitter: @Cointelegraph
Cointelegraph’s website: cointelegraph.com
Intro and outro music produced by Jonathan “MADic” DeYoung. Hear more at madic.art.
The views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.

Розділи

1. Intro (00:00:00)

2. Are you more of a trader or an analyst, and what do you currently do in crypto and for a career in general? (00:01:04)

3. Finding the bottom (00:01:41)

4. From a macro, longer-term view, what’s your opinion on the price of Bitcoin, taking into account 2023 so far, as well as the months ahead? (00:01:47)

5. It sounds like you think Bitcoin has bottomed already, did I hear you right? (00:03:28)

6. Do you think Bitcoin is still in a bear market? It doesn’t sound like it. (00:03:48)

7. What do you think has impacted Bitcoin’s price the most so far in 2023? (00:04:29)

8. What do you think will impact Bitcoin’s price the most for the rest of 2023? (00:05:10)

9. You mentioned this cycle seems different than all of the ones in the past. You just want to kind of go into a little bit more detail on comparing and contrasting what you mean by that in previous cycles versus now? (00:05:52)

10. What do you think about future possible Bitcoin cycles? Do you think the Bitcoin bull and bear cycles will continue? (00:07:39)

11. As much as you’re comfortable, talk to me about your background. When you were a kid, what did you want to do when you grew up? (00:09:02)

12. You sound like you’re mostly a trader, or do you also invest, or both? How do you balance the two if you do both? (00:10:06)

13. When you talk about your trading, how long do you typically hold positions for? Like what does it look like for you to enter and exit a trade, and your kind of timeline on that? (00:10:56)

14. How would you describe your trading strategy? So is it technical analysis based? What do you look for? (00:11:38)

15. How did you learn your style of trading? (00:12:22)

16. Do you have any coding or programming experience in general and do you apply that to your trading? (00:13:10)

17. So how did you figure out your edge? (00:13:38)

18. The next bull run (00:14:36)

19. If I’m not mistaken, it sounded like you said Bitcoin is no longer in a bear market in your opinion, correct? (00:14:40)

20. So would you say that it’s currently in a bull market or is there another phase in there that you would classify Bitcoin as currently? (00:14:47)

21. What do you think might happen after Bitcoin has moved into a bull market? How do you think things will play out in the months following? (00:15:20)

22. How will you look to try and figure out the timeline of Bitcoin’s next bull run and how long it might last? (00:16:12)

23. It sounds like you’re saying you think this potential upcoming bull run might be more similar to 2017 than 2020/2021. Can you maybe explain your thoughts on that a little bit more? (00:17:01)

24. Do you think Bitcoin’s price will ever flatten out and stop having such large bull and bear market price swings? (00:17:52)

25. What role do you think Bitcoin plays as an asset? Why do you think people are willing to invest in it? (00:18:16)

26. What could potentially make Bitcoin go extinct, if anything, in your opinion? (00:18:56)

27. Conclusion (00:19:48)