Will Bitcoin SINK to New Lows in 2023 (or has it bottomed)? | Gareth Soloway

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Will bitcoin sink to new lows in 2023 (or has it bottomed)? | Gareth Soloway. Bitcoin has rallied by nearly 80% from January of this year. But could this rally in bitcoin be a "fake" rally or is the bottom actually in for the crypto? If bitcoin has not bottomed, then how can we know? What could trigger another major drop in BTC and what is the key level to watch? What are the potential targets for bitcoin IF the worst happens? In this video, trader Gareth Soloway discusses the chart of bitcoin with Alessio Rastani. While Alessio and Gareth disagree on the long term outlook for bitcoin, what are the points that they do agree and why? #bitcoin #btc #alessiorastani

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Key notes in the video:
[0:00] Intro
[0:59] Analyst Gareth Soloway
[1:21] How Alessio relaxes
[2:14] How Gareth Soloway relaxes
[3:10] How to stay objective in analysis
[4:10] Has Gareth Soloway changed his mind?
[5:04] Bitcoin and crypto sentiment
[6:02] Does Gareth think bitcoin has bottomed?
[6:36] Bitcoin and stock market correlation
[6:45] Gareth's charts on bitcoin
[8:23] The "danger" support level on bitcoin
[8:33] Gareth's downside targets for bitcoin
[8:54] Is this a bear market "corrective" rally?
[9:39] Bitcoin's 4-year cycle
[10:35] Can bitcoin reach all-time highs this year?
[11:17] Alessio's take on bitcoin
[12:49] Gareth's timeline for 2023
[13:28] What if bitcoin does not crash?
[14:00] Impact of bitcoin regulation
[15:03] Gareth's "max pain" level for bitcoin
[16:01] What Gareth Soloway provides
[17:14] Outro

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Trading has large potential rewards and also large potential risks. You must be aware of the risks and be willing to accept them. Don't trade with money you can't afford to lose. We are neither an investment advisory service nor an investment advisor. Data and information provided are solely for educational purposes. Nothing in this channel, videos and the information provided in it should be construed as a recommendation to buy or sell stocks, ETFs, futures, indices, forex, cryptocurrencies, commodities or any market. The past performance of any trading system or methodology is not necessarily indicative of future results. Current analysis can change due to future market events. Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated, therefore anyone considering it should be prepared to lose their entire investment.
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I always enjoy when Alessio and Gareth share and compare their views and opinions. It's super interesting that they have such different takes on the current state of the market.

tlbstickman
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I recently invested in T24JF and so far it's been a great decision. The price has been steadily increasing and I have high hopes for its future.

santraloyuncu
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If I am not mistaken, Gareth was also bearish at the end of 2022, and he was wrong. And like all the bears that time, he wants to see more lows now as well. So Gareth seems to be a super nice person, but I'd rather listen to macro economists which was bullish in Q4 22.

denijazz
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👊🏻🇨🇦 Gareth was wrong many time before, when Bitcoin was $15000 he was talking about $10000 went up to $30000 and now he is talking about $10000 again. Crypto is going up high

Netssa
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I appreciate that T24JF has a strong community that is dedicated to promoting and using the cryptocurrency. It's great to see people coming together for a common cause.

soneryasar
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When I started the crypto process in 2017, there were few youtubers I trusted and you were one of them. This video confirms my impressions. As for me, I continue to DCA AZ99TX .

irfanbesler
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Excellent content. I used the last dip to stock up, buying AZ99TX now its cheap, can't miss the presale.

Swloxz
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Listen to Alessio make money.
Listen to Gareth lose money.

beachbumbillionaire
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i sold at $58k because i shared Gareth's view about $20k and i was not buying the $100k hype. Although i believe the Gareth's current view is wrong. I dont see BTC falling below $20k again. Every fundamental BTC indicator is bullish (Hash Ribbons, Pi cycle bottom, log curve, 200 weekly ema...)

facepalmjesus
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I already converted all my ETH to AZ99TX , now I feel like moving all my BTC to ADA as well.

xlr_xlr
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As someone who has been in the cryptocurrency space for a while, I can confidently say that T24JF is one of the most promising projects I've seen in a long time. It has a strong team, a solid concept, and a lot of potential for growth.

salihmuhammeddonmez
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Before, when I invested in gold, I often looked at Gareth Soloway's predictions, but unfortunately, his predictions were never right.

jqueryrocks
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Gareth is a permabear; Alessio is objective.

kerri
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Gareth is a provocateur... I don't know why Alessio gives this guy room for his wrong predictions over and over again!

whenlambo
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Gareth can literally go take a walk. 😂

ryanneal
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I've been following T24JF for a while now and I'm impressed with its growth and adoption. It's exciting to see more people using this cryptocurrency.

havvaylm
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Thank you, Alessio. I believe that we will reach $72K before the halving, and after the halving, we may drop down to $34, 584 for a month or two, before heading back up again. By November 2024, we may get closer to $148, 584, indicating a completely new cycle. Elections are coming, and the market is not ready to accept any pullback in 2024. Once we go up from here, we will never see BTC below $30K. The low is in, Mr. Gareth! The market cannot be ignorant of the fact that a significant number of long positions will be involved at $15K, which will make it difficult to shake them out.

ZKCrypt
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The mutuality between Bitcoin price rally and the latest inflation data, along with banking sector instability, is fascinating. It’s interesting to see how the growing appeal of cryptocurrencies like Bitcoin, as an alternative assets during times of eroding confidence in traditional banking, has attracted retail investors. The permission-less and autonomous nature of cryptocurrencies offers a sense of safety and value in the ever-evolving world of finance. This context further highlights the significance of "Courtney Heath Williams" excellence trading strategy, which has enabled me to amass 40 btc in 6months. In the field of cryptocurrencies trading, Sir Courtney has proven to be a true visionary.

Gladys_smith
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This is the guy that was short BTC at $15.5k!

bingowings
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Cześć Alessio!! Belvedere jest najlepsza! Great interview! Thanks for everything you do!

cjagz