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In today’s video, Gareth Soloway updates about things happening with Bitcoin right now, whether he still sees $20k as the potential bottom for Bitcoin and his thoughts about Terra Luna crash and XRP’s price action. Moreover, Gareth also speaks about the chances of an upcoming bull run for Bitcoin in 2022.
Make sure to stick around till the end of this video where Gareth reveals why he expects more pain for Bitcoin in the next few days.
Gareth Soloway, the chief market strategist at InTheMoneyStocks.com, has projected that Bitcoin might correct further to a low of $12,000. Soloway even stated that the correction remains a possibility because Bitcoin has never experienced the current environment characterized by quantitative easing by the Federal Reserve.
Interestingly, he has also clarified that Bitcoin being a hedge against inflation was a myth. Although Bitcoin is attempting to find stability above the $30,000 level, the strategist placed the high-end next target for the flagship cryptocurrency at $20,000. He stressed that Bitcoin should retest either of the two levels based on historical price movement.
CREDITS: Link: https://www.youtube.com/watch?v=n6VlInD_c5Q
Title: Bitcoin News, BTC Price Analysis, LUNA UST, XRP, Safemoon, Gold, Stocks.
Channel: the Crypto Factor
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0:00 – Intro
1:39 – What is happening to Bitcoin right now?
3:08 – Can we expect a Bitcoin bull run anytime soon?
4:47 – Does Gareth Soloway still see $20K as the potential bottom for Bitcoin?
6:10 – Why Gareth Soloway is predicting more pain ahead for Bitcoin?
7:10 – What does Gareth Soloway think about Terra Luna crash and XRP’s price action?
#Bitcoin #Ethereum #WealthyValue
👋 Hey, I’m Gio. I spend countless hours every day learning and watching videos about crypto and the world economy. I realized how difficult it is to find useful content in a sea of noise, so I teamed up with some skilled friends and started my own YouTube channel. Wealthy Value is a place where we share what we’re learning about crypto, finance, and value creation.
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