Bitcoin Heading to $20,000, More Damage to Come Says Expert Technical Analyst



“The deleveraging of the overall system will take bitcoin much lower,” says Gareth Soloway, president and CFO of InTheMoneyStocks.com. The inner-workings of weakness are being shown across the board for cryptocurrencies, Soloway says to our Daniela Cambone on this edition of Outlook 2022: The Tipping Point. “Bitcoin should see its bottom within 12-14 months,” he says, and will go much lower than its current price over that time. Soloway shares evidence as to where rising coins like Cardano and Solana will land in the near-term amid a prediction he is calling, “a crypto winter,” which will wipe out most smaller digital coin projects. He touts the technical analysis of precious metals like silver saying, “silver is seeing bullish consolidation pattern,” but cites iffiness on the industrial side. “Equity markets will see a 20% drop this year,” Soloway concludes, where gold will converge with a falling S&P 500.

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37 thoughts on “Bitcoin Heading to $20,000, More Damage to Come Says Expert Technical Analyst”

  1. I'm new to bitcoin trading and I find it difficult using these strategies well. Where can I find a legit broker? than will manage my account and also teach me how to trade

    Reply
  2. I had to chuckle about your question about the fundemantals vs. technicals in Bitcoin. Cryptos have no fundamentals, as they're virtually worthless by definition. Like Charlie Munger said: 'we could as well trade turds.'

    Reply
  3. As soon as I hear these so called experts talk I go against everything they say. Not once have any of these "experts" been right.

    Reply
  4. Gold is dead. It's a shiny rock, which isn't rare. Guys like this have been declaring bitcoin dead since I got in almost a decade ago. Quite entertaining, but they're guiding people straight to poverty.

    Reply
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  7. Well I must be as smart as Marc. No college education I've read over 500 books and 20 years and I've made money on all three recessions in my life most recently March 20th 2020 to today I've made about 350% across the board. I guess I should be working on Wall Street instead of stocking shelves at Costco..

    Reply
  8. HOW CAN I MAKE MONEY ON CRYPTOCURRENCY AND WHAT CAN I DO TO INCREASE MY INVESTMENTS PROFIT FASTLY IN THIS YEAR AS A BEGINNER ???

    Reply
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  10. The market is been more favourable with new strategies and trading opportunities. Financial empowerment is our everyday chase and Kimberly has proven to be a part of this mission. her strategy is the best.

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  11. Cryptocurrency is now on the rise.I'm new to Bitcoin trading and I find it difficult using these strategies well. Where can I find a legit broker? than will manage my account and also teach me how to trade.

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  13. Thankyou somuch my sister , you are so proffessional, infact both of you i love you dialogue. I am learning something , surely i gonna buy BITCOIN , ETHEREUM and other CRYPTOCURRENCIES the way you motivated me .

    Reply
  14. If you just look at the market like it's controlled by a bunch of Bond villians and what they would do to manipulate the prices, you'll be fine. They are going to tank this to the point of scaring out the last week hand. Just hold tight and stop looking. They will pump this to the moon most likely starting in March.

    Reply

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