Bitcoin (BTC) Warned At $69,000, Now Made History For Bulls!

In the first days of the week, the inflation data from the USA came below the expectations, which rose up to 18,000 dollars. Bitcoin (BTC)had experienced a decline with the FED’s statements that it would continue to increase interest rates in 2023.

Senior trader with over 20 years of experience Gareth Solowaycommented on the price of Bitcoin.

Speaking to Kitco News, the veteran BTCHe pointed out that there must be rules for the rise of .

Regulation studies bitcoin and cryptocurrencyStating that it is important for companies, Soloway said that the regulations will be implemented in 2023. BTC and claimed that it will be the key to the upside momentum for crypto.

Bitcoin in 2023 NASDAQ The senior trader, who envisages leaving the traditional financial markets, said:

“Bitcoin will start bottoming out and will actually start rising in 2023.

For Bitcoin, this means it needs to be separated from risk assets. Regulation will be the key to BTC starting to rise and leaving the traditional markets.”

Emphasizing the importance of regulation repeatedly, Soloway said that lack of regulation has been cited as the main cause of FTX.

“Investor protection is now a priority for regulators around the world.

In this context, you need transparency. There should be rules under which they cannot take client funds and put them elsewhere.”

The famous trader, who thinks that the rules to be introduced will encourage institutional investors to return and invest in Bitcoin, said that when clarity is achieved in the crypto sector. crypto- He said prices will rise and investors will regain the confidence they need.

Finally, Soloway claimed that the bull market could start in May 2023.

Soloway, bitcoin He predicted that when it reached its ATH of $69,000 in November 2021, the bear market would begin and BTC would drop to $20,000.

*Not investment advice.