![]() Interestingly, he also cautioned that the divergence from the stock market would not come any time soon.Įarlier, Solloway also expressed his bearish belief that the price of Bitcoin might sink “another leg lower to $12,000 to $13,000,” because “when you see the dollar continuing to stay at 20+ year highs, and it continues to grind up, it just kills all risk assets.” Bitcoin price analysisĪs things stand, Bitcoin is currently trading at $19,598, up 3.10% on the day, but still down 1.93% across the previous seven days. Meanwhile, chief market strategist Gareth Soloway suggested that Bitcoin would likely correct further towards $3,500 in what he called the ‘worst case scenario’. Source: Bitcoin Archive Bearishness on the other side ![]() ![]() At the same time, Bitcoin volume seems to be climbing to bull market levels, increasing since August 1, with volume in USDT “going parabolic,” as observed by the crypto analyst behind the Bitcoin Archive twitter account on October 14. ![]()
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