As Bitcoin’s weekend rally erased its losses for the year, right now, “is a bad point to get into Bitcoin,” says Gareth Soloway, president and CFO of InTheMoneyStocks.com In order to have a legitimate break to the upside, “bitcoin needs to hold at the $50,000 level,” the expert technical analyst tells our Daniela Cambone. Soloway cautions investors seeking to invest into the cryptocurrency by asserting that, “you don’t want to buy into resistance.” Cryptos have had a massive run, he tells our Cambone when discussing rising altcoins, however, “it would be nice to see consolidation at this point.” “Gold faces downside in the near-term,” and the economy slowing aggressively in the second half of 2022 will only help the precious metal, he predicts. The Reddit meme traders are, “trying to recreate the magic,” he says, as GameStop and AMC have been identified with bullish trends. Soloway concludes that the coming digital yuan will be the reserve currency of the world, “as the dollar is here to stay in the short-term, but will have issues long-term competing.”
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0:00 Cryptocurrency’s outlook bullish v.s. bearish
5:22 Is this a good time for investors to get in cryptocurrency?
7:17 The latest forecast on Ethereum
8:37 What’s happening with Terra Luna?
9:53 Solana Price Action
10:36 What’s next for BNB?
11:35 The performance of MATIC
12:18 Will gold move higher than $2000?
13:51 How does high inflation impact the pricing of gold
14:25 Metals to Watch
16:12 Outlook for Tesla stock
17:25 Outlook for AMC and Gamestop stocks
18:05 Where is the market headed?
19:03 Will the Fed be able to orchestrate a soft landing?
20:33 Outlook for the U.S. dollar
0:00 Cryptocurrency’s outlook bullish v.s. bearish
5:22 Is this a good time for investors to get in cryptocurrency?
7:17 The latest forecast on Ethereum
8:37 What’s happening with Terra Luna?
9:53 Solana Price Action
10:36 What’s next for BNB?
11:35 The performance of MATIC
12:18 Will gold move higher than $2000?
13:51 How does high inflation impact the pricing of gold
14:25 Metals to Watch
16:12 Outlook for Tesla stock
17:25 Outlook for AMC and Gamestop stocks
18:05 Where is the market headed?
19:03 Will the Fed be able to orchestrate a soft landing?
20:33 Outlook for the U.S. dollar
