“Bitcoin Is About To Do The Unthinkable!” | Gareth Soloway Bitcoin Price Prediction

“Bitcoin Is About To Do The Unthinkable!” | Gareth Soloway Bitcoin Price Prediction

In this video, Gareth Soloway will do a new Bitcoin price prediction that can make you rich, if you take action when it happens. Chief Market Strategist, and CFO of www.InTheMoneyStocks.com, Gareth Soloway has been a trader for over 20 years and is now an expert on charts and new predictions.

In the Crypto Market space, is really important to know when you should buy or sell your crypto like Bitcoin (BTC) or Ethereum (ETH). Gareth believes that Bitcoin will still go down now to $12.000, and even lower to $3000 or $4000 but on the long term it will go up. That’s Gareth Soloway latest bitcoin price prediction in 2023!

And he even says he bought Bitcoin and that there’s alot of opportunity right now on BTC either long or shot, so pay really close attention to his trading ideas!

Join Fairdesk (Upto $100,000 Deposit Bonus) : https://www.fairdesk.com/signup?vipCode=DailyDoseCrypto

💰 Get up to €100 worth of CHSB using Swissborg by clicking this link ⤵️
https://bit.ly/3T85APy

🔥 FREE $100 Reward With iTrust Capital IRA Crypto Account: https://itrust.capital/dailydosecrypto

🤑 Register on Bybit and get up to $4,550 Bonus: www.bybit.com/en-US/register?affiliate_id=29218

Please, like, comment, subscribe!

Subscribe Here: https://www.youtube.com/c/DailyDoseCrypto🙏
Our official pages!
Twitter: DailyCrypto9
Instagram: dailydosecrypto
Facebook: https://www.facebook.com/Daily-Dose-Crypto-1086012381444235/
Telegram: https://t.me/dailydosecryptoofficial

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Credit: Kitco News
Real Reason Bitcoin Is Down Post-ETF, This Is the Next Level – Gareth Soloway

▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
#bitcoin #Price #Cryptocurrency

Welcome to Daily Dose Crypto 💰

This channel is here to serve you to make the best-informed choice for your investments!

We create and share videos about the latest investment opportunities and how to outperform other investors and stay ahead of the game!

We love Crypto ₿!!!, so we share crypto videos in under 10 minutes so you get your daily dose of crypto! 🗠

The whole world is waking up to crypto so stay tuned and ahead of the crowd with daily dose of crypto!

We do our best to create content that is educational, informative, and entertaining for you..

Thanks for watching don’t forget to share and subscribe.

Thank you.
#Bitcoin #Cryptocurrency #Invest #Ethereum #Crypto #entrepreneur #business #success #investment #finance #bitcoins #Stockmarket #Bestcryptocurrency #BitBoy #AltcoinDaily #Coinbureau #CryptoNews #btc #eth 👨‍🏫.
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
🎦 Video footage and Background music: all video footage and background music used is either licensed through either CC-BY or from Videoblocks and Pexel.

👉 FINANCIAL DISCLAIMER
This channel is intended to share tips and investment videos by experts. We DO NOT GIVE FINANCIAL ADVICE! Please consult a licensed financial advisor and do your own research before making any financial action.

Never buy crypto just because you see a YouTuber talking about it. Always do your own independent research before investing in any coin.

If we talk about in terms of let’s just say everything comes up Goldilocks for Bitcoin and we continue to see risk on and we continue to see money printing which obviously makes Bitcoin an even rarer commodity out there I think what you have to start to do is you have to

Start looking at the all-time Highs at 69,000 and I would dare say that you probably are even looking at a 100,000 again the more money in the system people have more money to put towards Bitcoin and I think that you know the government I don’t know if they’re discounting people’s kind of observance

Of what’s going on or if the if the politics just don’t even allow for it but at some point people are going to turn and say listen the dollar at some point becomes a depreciating well it is a depreciating asset even now but even more so at a break neck speed and that’s

Where Bitcoin can really take off to the UPS Gareth Solway a well-known technical analyst investor and Trader in the cryptocurrency space has gained notoriety for his often controversial views and predictions regarding Bitcoin while generally bullish on bitcoin and cryptocurrencies in the long term his short-term forecasts for the leading

Digital asset have been less optimistic since late 2021 Solway has been forecasting a significant decline in bitcoin’s price with predictions ranging from as low as $3,500 per coin to potential highs of $122,000 or lows of $9,000 depending on various economic factors however in a recent interview with Kito news salaway

Offered a more nuanced outlook for Bitcoin taking into account the recent approval of spot Bitcoin ETFs and increased institutional investment while he maintains a bearish stance on bitcoin particularly if the US economy faces a severe recession and the stock market falters he also acknowledges the potential for bullish scenarios salaway

Explains that if the Federal Reserve successfully manages to control inflation without plunging the economy into recession Bitcoin could soar to new heights easily surpassing its current all-time high and reaching $100,000 solway’s interview with Kito news provides insight into his multifaceted perspective on bitcoin’s future showcasing both his cautious optimism and his concerns regarding

Macroeconomic conditions in the United States yeah absolutely so let’s let’s take a look at the chart here and I think this is really telling and and and makes people understand what really went on and so if we just look at the history and I’m I’m a a technician meaning I

Look at data sets to kind of predict the future and that’s really how I come to these conclusions so if we go back to the 2017 Bitcoin bull market high that was when the Futures were approved right they basically debuted so there was a lot of hype that took us up into that

News and then what happened that was the high of the cycle if we go to the first high in 2021 that was the IPO of coinbase that debuted and that marked that high we had a correction to 30,000 we then go to the second high in later

In 2021 and that was the ETF for the Futures uh Bitcoin right and that marked that high as well and so if you just look at that kind of consistency that these big news stories that create so much hype create the top on bitcoin it makes sense why that would be the key

Level there or why it would sell off on the news now you can talk about gbtc obviously selling Bitcoin um there was a lot of smart money that that bought ahead of this news gbtc was trading at a big discount so it was kind of an extra

Bonus to them as well and they’re basically just at the point of taking profits they they know the runup is now in play they know that the general consensus of retail investors will be to take a little bit off the table and that just creates this back testing that’s

This move back to the downside now just in terms of the 48 to 50,000 level what’s fascinating here is if we do a fibon retrace right so we take the high of 69,000 the low to the absolute low of this bare Market here which was around 15,000 and change notice that the 618

Fibonacci trend line here that’s exactly the high there and lastly that I’m just showing you how I kind of arrived at that 48 to 50,000 level if we take the 2019 High connect it through the lows of the of the bull market right here we actually get that same level and so when

I get Confluence of levels that’s really where I start to say okay this is going to be a major level of resistance and sure enough it was yeah so so what’s going on here is and you’re right about the fees right the gbtc is a much higher

Fee so there’s going to be a certain amount of money that is going to sell the gbtc and then eventually rotate into these other ETFs that have much much lower fees and I also think there was just I mean really if you looked at how could you participate in your investment

Account at various Brokers where you buy stocks the only game in town was gbt at the time right I mean that’s really all there was it was either that or you go to the Futures Market or you go to bitcoin itself on the spot market so

There was a lot of money that chased Bitcoin in knowing that it would run up into the ETF approval and it’s just natural that you get this letdown where people say okay let me take some off the table here let me take my profits after such a mammoth run so it’s a combination

Of the two you have the selling because of the fee factor and also just profit taking in general which again you can go to any asset class and you see these crazy runs there’s going to be a certain amount of profit taking that takes place JP Morgan analysts recently released a

Market strategy note discussing the impact of Bitcoin ETFs according to their analysis the outflows from the grayscale Bitcoin trust have likely ceased indicating limited downside potential for Bitcoin prices moving forward initially estimating around $3 billion in outflows as investors took profits the actual figure reached approximately $4.4 billion by Wednesday

However the analysts now believe that the outflows have stabilized Paving the way for a swift recovery in Bitcoin prices indeed Bitcoin has already shown signs of recovery with its price surging above $41,000 for the first time since Monday as of the latest data from coin market cap the leading cryptocurrency is up by

Over 3% this upward momentum suggests that the recovery phase is underway signaling a positive trajectory for Bitcoin moving forward as we delve into GIS sway’s interview it’s evident that the market sentiment is Shifting towards a more optimistic outlook for Bitcoin fueled in part by the stabilization of

Gbtc outflows it be sooner than later I do think that within probably the next couple weeks it will balance out my bigger fear though and this is this is the one bearish case that I have for Bitcoin is that what happens if we get a

Market top in the S&P what happens if we get a drisking event in the overall markets in the equity markets and that then could also stall money from flowing into these new ETFs that people start to get scared so right now we know new all-time highs almost daily on the S&P

And the NASDAQ 100 and that’s great but why is Bitcoin St out here okay it’s the gbtc selling of Bitcoin that gives us that reasoning but what again if we start to see the market sell off and the one thing I’d like to point out to viewers here which I think is really

Important is that if you look at the past Cycles on bitcoin so bitcoin’s topped out in December of 2017 the S&P topped out six weeks later in early 2018 if you go to 20121 the $69,000 high the the high was put in in November it was right at the end of

December six weeks later that the S&P topped out so I’m a little bit on alert here to say okay let’s watch now three weeks we’re basically three weeks into since the spot ETF was approved what happens over the next three plus weeks do we see a stock market top and do we

See a correction there and that would be another reason why you could argue that Bitcoin still has some downside to go if we continue to see Equity markets rally does Bitcoin catch up yeah yeah so I think so I think I think if we continue I mean if we just continue to grind

Higher in the S&P and the NASDAQ eventually the risk on trade takes back over absorbs all the gbtc selling pressure and and ultimately pushes Bitcoin back up so it’s it’s really the one case where Bitcoin could sell off is only if we see an equity Market top now

If we direct our attention to my charts here I just want to show you guys this because to me all the narrative is in the mainstream media is that the markets are just Gang Busters everything’s just going higher if we look at this this is

All the sectors in the S&P 500 and if we look going back to 2020 or 2019 19 if you look at all the other sectors except technology we’ve basically gone sideways there hasn’t been much net gain but if you look at technology this has been just a rocket ship to the upside and

That has carried the entire S&P the entire NASDAQ to new all-time highs and I do think that puts it in perspective of asking okay is this really a broad-based rally or is this somewhat of a fluke where technology is just controlling the markets and this type of

Chart makes me a little bit cautious going into the next weeks to months in the near term if it pulls back to 30 to 32 I’m a buyer at that level now what I will say and you ask me well what what’s the scenario where we get to 15,000 if

You really saw a bad recession hit I me and again we we know that there’s so many negatives out there but so far the to be honest government spending is just insatiably filling those holes right I mean we’ve seen the fed and this is an interesting stat we’ve seen the FED

Balance sheet drop by a whole $1.5 trillion from 9 trillion to about 7.5 5 trillion the US national debt in that same amount of time has gone up what three four Bill four trillion dollar and so you have to understand is that the FED has supposedly been tightening monetary policy but instead the

Government has been spending at crazy break neck speeds that has overcompensated and that explains a lot of why the overall Equity markets continue to push up but at some point that breaks and at some point we will slip into a recession at some point the

FED can’t avoid it and that’s where I do worry that Bitcoin could head back down if we talk about in terms of let’s just say everything comes up Goldilocks for Bitcoin and we continue to see risk on and we continue to see money printing which obviously makes Bitcoin an even

Rarer commodity out there I think what you have to start to do is you have to start looking at the all-time Highs at 69,000 and I would dare say that you probably are even looking at 100,000 now I still don’t think that’s the likely scenario here in the short term but I do

Think that if everything continues as is with no recession no risk off then yeah you’re going to head back there and it’ll just be a matter of time before that bid comes back in again the more money in the system people have more money to put towards Bitcoin and I think

That you know the government I don’t know if they’re discounting people’s kind of observance of what’s going on or if the if the politics just don’t even allow for it but at some point people are going to turn and say listen the dollar at some point becomes a

Depreciating well it is a depreciating asset even now but even more so at a break neck speed and that’s where Bitcoin can really take off to contrary to his typically Bleak and pessimistic for Solway has been offering a notable shift towards optimism particularly since the approval of ETFs he firmly

Believes that these ETFs will see widespread adoption by hundreds if not thousands of affluent investors who now have ample exposure to the leading cryptocurrency Solway emphasizes the potential for bitcoin’s price to Surge exponentially as more individuals recognize the inherent flaws in the current monetary system examining both

Sides of the issue is crucial for making well-informed decisions what are your thoughts on solway’s interview feel free to share your comments and observations in the section below for more daily dose crypto news check out these two awesome videos on your screen click now and we will see you on the next video