$20k Bitcoin is next after hitting $52k, Gareth Soloway’s upside target

$20k Bitcoin is next after hitting $52k, Gareth Soloway’s upside target




After retracing to the upside of $52000 a few weeks ago, what Gareth Soloway, chief market strategist called a “retrace to the scene of the crime,” Bitcoin slid …

source

Recommended For You

About the Author: Kitco NEWS

29 Comments

  1. With so much liquidity in the system, I find it hard to believe the S&P will drop all the way down to Soloway's ultimate bottom of ~3,600.

  2. Governments aren't going to allow you to just shift away from their fiat. Even gold remember the US confiscated and banned ownership by the public and it wasn't that long ago… when I was born it was still in effect.

  3. Gareth has been spot on for a little while, or as long as I've watched him on Kitco. Got to pay attention to this guy dude, or until he proves himself wrong time and again. So far he gives no reason to doubt his expertise. The way he interprets and explains the charts are pretty educational. Kitco is my favorite channel for this stuff. David always asking the questions we wish to have the answers to. Good stuff. Thank you guys.

  4. Lets make one thing sure. Cryptos CAN be "printed" ( technically created out of existing code base ) and the ONLY differentiator, aka rating, between them, and technically any digital system build for a particular purpose, is the efficiency of their use, energy cost per transaction, in order to consume goods and services (real or digital). The efficiency is technically is a complex descriptor of the system, as it heavy relies on the distributed consensus algorithms adopted by the given distributed ledger. Anyone NOT considering this, and looking at the long term, has no idea how to evaluate distributed technology trends of which the distributed ledgers, aka cryptos, are textbook example of.

  5. Nothing but ridiculous speculation from practically every analyst, effectively covering all their bases to allow for each and every eventuality, culminating in an inevitable 'I told you so'.
    Absolutely ridiculous to put any weight in these so called predictions.

  6. Everyone an expert, too much money from big bisiness has been pumped into Bitcoin to drop the way it's going, it has to go up sooner than later.

  7. Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works..

Comments are closed.