Jeffrey Gundlach, the CEO of Doubleline Capital and also known as the Bond-King predicted that the price of Bitcoin (BTC) will fall below $23K. Gundlach said that the chart of Bitcoin (BTC) looks very scary.
In an interview with CNBC, Jeffrey Gundlach talked about his views on U.S Dollar and Bitcoin. “The chart of the BTC looks pretty scary. It is dropped a lot from $60K to $30K and it looks like a big Header and Shoulder top”, he said.
Jeffrey Gundlach is named as the “Money Manager of the Year” in 2013 and he was seen in Bloomberg’s list of “Fifty Most Influential” in the year 2012, 2015, and 2016.
Gundlach further said, “I am not a big believer in head-and-shoulders tops, but this one looks pretty convincing. Turning neutral at $23,000 was too early, but I’ve got a feeling you’re going to be able to buy it below $23,000 again”.