Bitcoin Holders - What’s Coming is Worse Than 1929 Depression

On Bitcoin

Guest Gareth Soloway · not counted as Altcoin Daily's view.

Views

• Next weeks (next 2–6 weeks): Leans up (timeframe is our reading): why short-term I'm bullish on Bitcoin is because if you look at the fear and greed index, I mean, it is nasty right now ▶ 21:49
• Next months (next 2–6 months): Leans down: let's say over the next 6 to 12 months, I still think there's further downside in Bitcoin, possibly as low as 30,000. ▶ 14:49
• This cycle (next 6–18 months): Expects up: I still think we'll see again after this 4-year cycle flush out, we'll see new all-time highs within a couple years. ▶ 14:14

If this, then that

• If Bitcoin breaks out above the trend line it has tagged three times, then 80–85k (next weeks): Can Bitcoin break out? If it does, we got a shot at going to 80 to 85,000. ▶ 13:40
• If Bitcoin fails to break out and breaks down, then no target given (next weeks): if it doesn't, and we break down, obviously, then we're probably headed into the 50s, maybe the low 50s uh in the near term. ▶ 13:46

Levels named

• 150–160k: Target (long-term trend line connecting the 2017, 2021 and 2025 highs): I would say that trend line is the one we're looking at, and that would be somewhere around 150, maybe 160,000. ▶ 18:18
• 80–85k: Target (upside target if price breaks out of the trend line): Can Bitcoin break out? If it does, we got a shot at going to 80 to 85,000. ▶ 13:40
• 62.8k: Support (low of the reversal candle after the Feb 6 flush; every candle since has stayed above it): watching to see which way Bitcoin's going to go or which way to be bullish or bearish, monitor 62,750. ▶ 13:17
• 50k: Target (Other): I think Bitcoin's going down to eventually 50 or or below. ▶ 17:19
• 30k: Target (worst-case downside, coordinated with an S&P collapse): let's say over the next 6 to 12 months, I still think there's further downside in Bitcoin, possibly as low as 30,000. ▶ 14:49

Their own position: Not said.