Veteran Trader Gareth Soloway Says Bitcoin To Potentially Go Under $12,000
Chief market strategist Soloway has been calling the bitcoin price correctly since its $65,000 top. He called for the price to hit the $20,000 last bull market top support, and now he is expecting bitcoin to break this support and head down to the $12,000 region and lower.
Soloway’s $20k call has made him a bit of an internet celebrity. In a Kitco interview he said he is not a perma-bear though, and just takes his direction from the charts. When he made his famous call, bitcoin was at $65k, and he said that things were quite uncomfortable for him at that time.