Sasco Intelligence

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Omar Sabek

Omar Sabek is a Bitcoin expert and CEO of Sasco Digital Assets. Before founding Sasco Digital, Omar served as Head of Global Services for one of the world's largest banking communications companies, IPC. Omar has been a consistent voice in the Bitcoin community since 2012. As a technology security expert with a deep background in banking and finance, Omar has applied his knowledge and experience to mastering every aspect of Bitcoin including its performance history, best security practices, investment strategies, and more. Omar is passionate about educating people. With a long term vision of making Bitcoin accessible to all, the team at Sasco Digital is creating resources and practices that derisk Bitcoin investing and empower our clients.

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Bitcoin's Intermission is Over

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Omar Sabek
Bitcoin Market Update | Week 32 - August 11, 2021

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The Bitcoin market has shown continued strength over the past week in several on-chain and technical indicators. This leads me to believe we will continue to see a bullish advance into the previously set ATH of $65K within a few weeks. Although I'm typically weary of predicting prices above those once established, the data suggests prices above $100K later in this market cycle, barring any unknown major news or changes to the global macroeconomic environment.

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Bitcoin's Illiquid Supply and What It Means

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Omar Sabek

Bitcoin Market Update | Week of August 2, 2021

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In this week's update, we're going to dig a little deeper into understanding how some of Bitcoin's unique attributes give us a level of predictive power that can't be found in any other asset or commodity.

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Historic Short Squeeze

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Omar Sabek

Bitcoin Market Update | Week of July 26, 2021

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On Sunday night, the market found its direction with a short squeeze that took the price from $35K to $40K. This short squeeze was historic, the largest in Bitcoin's brief history, and certainly not the last. This event changed the price direction and provided traditional market technicians (i.e., Wall Street) with confirmation of a continuing bull market.

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For Long Term Bitcoin Investors, Patience is Crucial

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Omar Sabek

Bitcoin Market Update - July 7, 2021

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The market continues to look for direction as we see a steep decline in volume across the exchanges. We're not seeing much activity on-chain with the declining demand. However, the pre-existing trend of coins moving from short-term to longer-term investors is continuing to hold.

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Bitcoin Market Update - June 24, 2021

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Omar Sabek

The market has been largely mixed and indecisive over the past few days and weeks. On Tuesday morning, we saw a steep sell-off to $28.8K followed by a steep recovery up to $34K. That market event, like others that preceded it, presented an opportunity for well positioned Long Term Holders (LTHers) to pick up discounted Bitcoin from capitulating Short Term Holders (STHers).

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