Bitcoin price to retrace to $30k, Fed to raise rates this year, where to run? Gareth Soloway
Gareth Soloway, chief market strategist of InTheMoneyStocks, discusses potential corrections for both Bitcoin and the stock markets and trades to make during market volatility.
Soloway told David Lin, anchor for Kitco News, that Bitcoin could pull back to $30,000 before climbing back.
Long-term, Soloway is still bullish on Bitcoin, but sees the charts as “ridiculously overdone” for now.
On stocks, Soloway remains cautious.
“At some point, I expect this longer-term wedge that goes back to the lows of March, 2020 to break to the downside, and then you will see a bigger decline” he said.
For the trades that Soloway is making now, watch the video above.