bitcoin The set experienced today declined to $ 29,000 with a decrease.
While the reasons behind this decline remain unclear, InTheMoneyStocks analyst Gareth SolowayThere were statements that there may be a further decrease from .
In a recent interview with David Lin, Soloway claimed that there will be a terrible drop in the stock markets.
Soloway, who expects a drop in the stock markets in the near future, cryptocurrency stated that it could also spread to the markets.
“We expect a slight recession in the near future,” the Fed said. If you hear the FED say light or temporary, you should be cautious about risky assets.
After these statements of the FED, I expect a decrease in the stock market. I think the stock markets are preparing for a bad second half. And my estimation is that this will bring the crypto market down as well.”
“I Expect Short Term Decrease in Bitcoin, Long Term Rise!”
bitcoin Making an evaluation about the price, Soloway said that he expects a decrease in BTC in the short term and an increase in the long term.
BTCNoting that $ 30,500 is a very important psychological level in , the analyst said the following about the price of Bitcoin.
“If Bitcoin can’t successfully hold above $30,500 in five to seven days then I’ll go into bearish mode on Bitcoin.
As of now, I am not completely convinced of the rise in Bitcoin. The bear market is not over yet.
I still think it’s a bear market rally. I still think that there may be more declines in the BTC and cryptocurrency market.”
*Not investment advice.
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