I'm VERY Skeptical About This Bitcoin Rally - Gareth Soloway's WARNING

In this video, Gareth discusses the recent surge in Bitcoin, which has reached above $21,000 for the first time since November 2021.

The cryptocurrency is currently trading at $22,886.22, showing a 50% increase since the last week.

Despite the bullish sentiment, trader Gareth Soloway is skeptical about the push and believes it to be just a bear market rally.

He has been predicting a drop to $9,000 but has also mentioned that a rally would occur before the ultimate bottom around June.

Gareth is skeptical about the rally, as it comes in an environment where not much has changed.

The Fed seems to be coming to the end of its hiking cycle and quantitative easing doesn’t seem to be happening.

But, if Bitcoin can consolidate, Gareth believes it will be an important milestone for Bitcoin, both technically and psychologically.

Watch the video to know more about the current situation of Bitcoin and Gareth's prediction.