Real Reason Why 17k is NOT The Low | Gareth Soloway

Real Reason Why 17k is NOT The Low | Gareth Soloway

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Real Reason Why 17k is NOT The Low | Gareth Soloway

Bitcoin is currently trading at $23,842.59, up 3% in the past 7 days and up 17.6% in the past 30 days. The Bitcoin price rallied after Federal Reserve Chairman Jerome Powell signaled intentions to slow down the Fed's prevailing tightening spree. The rally has caused several analysts to chime in to predict a short-term and long-term upside continuation. Plan B continued his 100k Bitcoin prediction, suggesting that the short term is noise. Plan B Tweeted out to his 1.8M followers;

Some of you are afraid of macro and the link between bitcoin and stock markets etc.
IMO the next ~5 years S&P500 will be in the $5K-$6K range and bitcoin in the $100K-$1M range. Short term is noise, long term is signal.

In the short term, pundits and analysts believe that 17K was the bottom, however, Trader Gareth Soloway has different thoughts. In an interview with MissTeenCrypto, Soloway stayed firm on his belief that 12-13k was the low, despite this short rally. However, Soloway, who almost always backs up his claims by referring to the charts, shared that it wasn’t the charts that makes him doubt that 17k is the low, but basic human psychology. Gareth believes everyone believing 17k is the low will backfire and the market has an uncanny ability to prove the majority wrong.
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THIS INTERVIEW WAS POSTED ON JULY 28, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=Y-dcJdty23Y&t=1086s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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