The Analyst Who Knows The Highs And Falls In Bitcoin Announces The Bottom Target In BTC!

bitcoinThe famous trader predicted that the bear market will start and BTC will drop to $20,000 when it reaches its ATH of $69,000 in November 2021. Gareth Soloway BTC announced its new forecasts for

in the near future Kitco NewsSpeaking to , the senior trader with more than 20 years of experience said he expects Bitcoin to move to the downside.

bitcoinGareth Soloway, who thinks that , will move towards $ 9,000, said:

“I’m still looking at $12,000 to $13,000 as a short-term target in Bitcoin.

However, I think that BTC can fall below these levels as well. Because I believe that Bitcoin will go below $10,000 and we will see $9,000.”

According to Soloway bitcoin formed a bear flag pattern and a drop to $9,000 is inevitable.

However, senior analyst BTCHe underlined that a rally, albeit a small one, can be seen in the short term. He said that the only condition for this rally to take place is for BTC to exceed $17,000.

The analyst stated that if this condition is met, Bitcoin will rise to 18,400.

Soloway said that although there is a short-term rise in Bitcoin as a result, we cannot ignore the bear flag pattern that shows the downward trend in BTC.

“All we have to do is exceed $17,000. In fact, I think we will go up to about $ 18,400 with a short-term rise.

So actually, I’m looking forward to short term bullishness, but we can’t ignore the larger pattern that’s still bearish here.”

Soloway also stated that regulation studies are important for Bitcoin and cryptocurrencies in his previous predictions, and that regulations will be implemented in 2023. BTC and argued that it would be the key to the upside momentum for crypto.

Soloway also claimed that the Bitcoin bull market could start in May 2023.

*Not investment advice.