It is highly likely we have entered capitulation and that crypto prices have gone out of bounds; the first stop is Bitcoin at $20,000 and then possibly to $10,000 says Clem Chambers, CEO of ADVFN.
"We are heading to BTC $20,000 and Ethereum $1,000. There will be almighty volatility," he tells our Daniela Cambone. "Traders should be armed to the teeth with tools to play that madness, but for the investor, it is a waiting game. There is absolutely no need for an investor to re-enter the market until the noise and volatility dies down. This calm will be the bottom and a benchmark for acquiring."