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This Is When I Expect Bitcoin To Run Up | Gareth Soloway
Bitcoin has been battling the $20,000 level for the past few days, as it traded down to a 7-week low of $19,616 over the weekend. After recovering Monday, its price tumbled again on Tuesday, trading hands as low as $19,649, and at the time of writing, is trading $20,025.55, down 6.5% in the past 7 days and 2% in the past 24 hours. Bitcoin is closing at around a 14% loss for the month. This signals bad news for Bitcoin, as historically, September has been a weak month for the flagship cryptocurrency. According to Yahoo Finance, Bitcoin has an average loss of 6% in the month of September, dating back to 2011. The prospect of a downturn for Bitcoin is not news, as trader Gareth Soloway has been calling for a decline to as low as $3,500 for several months… but in an interview with the Crypto Factor, Soloway shared his take on the current economic climate and why the Fed’s lack of options to effectively prevent a recession will lead to Bitcoin ripping upward.
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Watch the full unedited interview here ⬇ [Credits] 🙏
https://www.youtube.com/watch?v=MJeEKhejO24&t=0s
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🎵BACKGROUND MUSIC licensed through AudioJungle & Epidemic Sound
🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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FAIR-USE COPYRIGHT DISCLAIMER
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, commenting, news reporting, teaching, scholarship, and research. Fair use is a use permitted by the copyright statute that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use.
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