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“I’m Skeptical Of This Bitcoin Rally” | Gareth Soloway
Bitcoin is trading above the $20,000 level for the first time since November of 2021, as it trades for $20,737.15, up 22% in the past week. The sudden surge in Bitcoin has many enthusiasts bullish, as Bitcoin traded sideways for months after the FTX collapse and year-end selling for tax purposes. Despite the bullish sentiment, trader Gareth Soloway is skeptical about the push and is convinced this is just a bear market rally. Gareth has been predicting bitcoin to drop to $9k but has said during his prediction, that a rally will occur before the ultimate bottom around June. The rally above $20,000 is happening in an environment where not much has changed, as the Fed seems to be coming to the end of its hiking cycle and quantitative easing doesn’t seem to be happening which leaves Gareth to be skeptical. However, there is a level to which if Bitcoin can consolidate, Gareth believes will be an important milestone for Bitcoin, both technically and psychologically. Gareth Soloway is renowned for his macroeconomic analysis, technical chart analysis, and trade signal alerts. He has created proprietary indicators like the Confirmation Signal, River Theory, Three Tail Theory, cycle analysis and a sentiment indicator that is game-changing. ———————————————– ► To watch the full interview: /> 🎥 We own commercial licenses for all the content used in this video except parts about the topic that have been used under fair use and it was fully edited by us. For any concerns, business inquiries, etc. please contact us via email in the “About” section of the channel.