Will Bitcoin SINK to New Lows in 2023 (or has it bottomed)? | Gareth Soloway
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Watch Alessio Rastani Video: Will Bitcoin SINK to New Lows in 2023 (or has it bottomed)? | Gareth Soloway.
Will bitcoin sink to new lows in 2023 (or has it bottomed)? | Gareth Soloway. Bitcoin has rallied by nearly 80% from January of this year. But could this rally in bitcoin be a "fake" rally or is the bottom actually in for the crypto? If bitcoin has not bottomed, then how can we know? What could trigger another major drop in BTC and what is the key level to watch? What are the potential targets for bitcoin IF the worst happens? In this video, trader Gareth Soloway discusses the chart of bitcoin with Alessio Rastani. While Alessio and Gareth disagree on the long term outlook for bitcoin, what are the points that they do agree and why? #bitcoin #btc #alessiorastani
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Key notes in the video:
[0:00] Intro
[0:59] Analyst Gareth Soloway
[1:21] How Alessio relaxes
[2:14] How Gareth Soloway relaxes
[3:10] How to stay objective in analysis
[4:10] Has Gareth Soloway changed his mind?
[5:04] Bitcoin and crypto sentiment
[6:02] Does Gareth think bitcoin has bottomed?
[6:36] Bitcoin and stock market correlation
[6:45] Gareth's charts on bitcoin
[8:23] The "danger" support level on bitcoin
[8:33] Gareth's downside targets for bitcoin
[8:54] Is this a bear market "corrective" rally?
[9:39] Bitcoin's 4-year cycle
[10:35] Can bitcoin reach all-time highs this year?
[11:17] Alessio's take on bitcoin
[12:49] Gareth's timeline for 2023
[13:28] What if bitcoin does not crash?
[14:00] Impact of bitcoin regulation
[15:03] Gareth's "max pain" level for bitcoin
[16:01] What Gareth Soloway provides
[17:14] Outro
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