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    Bitcoin Price May Get Boost Then Plummet Down to $12K, Says Trader Who Predicted Crash



    “I have a [bitcoin] target around $12,000,” says technical trader Gareth Soloway, president and CFO of InTheMoneyStocks.com. There is a, “confluence of levels around $12,000 [for bitcoin],” since entering this ice age for cryptocurrencies, he details to our Daniela Cambone. “My long-term view on bitcoin is extremely bullish,” Soloway continues saying $60,000 per coin is the low-end of what’s in store. “The key for crypto is how it doesn’t have an infinite printing issue,” which fiat currencies face, he asserts as a main claim for his bullishness. Gold holding its own signals an incredible run on the side of technical analysis, Soloway continues, saying that, “gold is being accumulated by big money and will have a big run in the next 12 months.” “Logic is the most powerful thing in investing,” and most people get caught up in emotion when it comes to trading, he concludes.

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    View 35 Comments

    35 Comments

    5. Prospect 708 on

      Cardano stinks. Biggest b.s coin. Hoskinson talks in circles, delays upgrades, dex took forever and not sure if it's even up and running yet. Their network is tiny. Overall the cult that is cardano fans made Charles a lot of money and got very little back

    6. bokkenrijder172 on

      I‘d love to believe that the Fed will simply turn on the spigots again, but since the “pande.mic“ our unelected rulers in Davos seem to be hellbent on a Great Reset. I’m afraid that propping up the stock markets with more cheap money does not fit into that Great Reset scenario.

    10. Open House Texas on

      Can someone educate me on how bitcoin is better than paper money? In my mind it's easily corruptible, it cannot be printed but it's numbers so can't it be issued up to infinity? It seems it would be easier to corrupt than paper money. All they need to do is punch some numbers in a computer..am I completely wring on this?

    18. bobby gunz on

      I’m still concerned with the volatility in the market, especially since we haven’t really seen the effect of the fed raising rates yet. Could be lots more pain down the road!

    19. Read Zechariah 12:10 on

      I don't see unemployment rising to 7 to 10% in the next couple of years. You can follow every single chart that they have, but there are still dozens of variables that can have a direct impact on the price of Bitcoin and on investments in general.

    20. Tyler Beelz on

      Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. A lot has changed and that's on everything but the truth is I don't even care much about bullish or bearish market anymore because Michael Christensen got me cover as I am comfortably making 3.1B T C monthly….

    25. Rebecca Vardy on

      <Always good to hear your thoughtful and logical analysis. I think we are entering a crab market Personally. We will still get our pumps and dumps but based purely on what the Fed are doing. That being said, as traders we can still make good money Thanks to Katherine P Mandell for her amazing skills for helping me to earn 10j Btc through trading chart.  Great TA as always>

    28. Ferg Ferguson on

      I see the coin going to 8k ..then it’s a buy…late 2023..😁..I like the dollar cost getting back in..the FED will screw this narrative up by centralization..all sovereigns will ruin it.
      Yep many years away..

    34. Jack on

      This guy is a living legend in my book… he is great at reading charts, and very sensible in his approach.

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