Although Bitcoin has risen in recent days and rebounded above $ 50,000, the worries are still not completely over.
Are we in the market? in the bull?” While there is no clear answer to the question yet, the final comment on this issue came from the chief market strategist of the market technical guidance platform, Gareth Soloway.
Stating that the concerns for BTC continue, but the situation is the opposite for gold, Soloway predicts that in 2022, gold will leave both BTC and the stock market behind.
I’m like a bull on gold. I think gold will be the biggest performance in 2022 and you can see this beautiful wedge pattern forming on the charts here.
Soloway also claimed that gold could hit its $3,000 price target thanks to rising inflation and a potential rise in interest rates.
Adding that everyone will eventually return to gold, Soloway is not very pessimistic about Bitcoin as of the end of this year.
Stating that he expects Bitcoin to be above $54,000 in the next three weeks with the current volatility, Soloway said, “My biggest concern with BTC is what we see on the longer (period) chart.” said.
The chief market strategist expects the cryptocurrency to bearish in the next 6 months. The leader expects the cryptocurrency to drop to around $30,000 or even $20,000 in 2022.