Bitcoin will see its ‘dot com moment’ over next year or two: Charts technician

It’s been a bad start of the year for Bitcoin (BTC-USD), and 2022 could bring in a bit more pain.  

While some bulls continue to forecast $100,000, one strategist doesn’t see that happening this year – or next.

“Long term, I love cryptocurrency, I love Bitcoin. But the charts — and I’m a technician — are just not showing that,” Gareth Soloway, president and CFO of InTheMoneyStocks.com told Yahoo Finance Live.

“Bitcoin for me, has a nasty head-and-shoulders pattern on it. Believe or not,…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *