This New Target Will Tell Us Where The Market Is Heading | Gareth Soloway

This New Target Will Tell Us Where The Market Is Heading | Gareth Soloway

We discovered with great interest on April 26, 2023 on Only The SAVVY's Youtube channel a new video that might interest you.

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At the time of writing, Bitcoin is trading for $28,407.38, up 3.5% in the past 24 hours but down 6.5% in the past. Bitcoin has seen a slide after not breaking the important level $30,500, according to trader Gareth Soloway. In an interview with CryptoBanter, Soloway shared his thoughts on the current market and what he sees coming. Soloway believes we are still in a bear market and more downside is coming, but it appears that Soloway curbed his $10,000 bottom and is now eyeing $25,500 as an entry point to trade Bitcoin. Soloway believes we are heading toward a recession, which has also been expressed by the Fed, except the Fed is calling for a light recession, which means, according to Soloway, we should really be looking at atleast a mild recession at the least. It wasn’t too long ago that the Fed called inflation “transitory” when it was pretty obvious to anyone who was paying attention that the inflation problem was anything but “transitory.” The Feds misstep in identifying inflation leads Soloway to believe this recession is going to be way worse than what they are leading on and the best way to make money in this market is to trade your way through in the next 6-12 months.
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