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Bullish on Bitcoin Now, David Gokhshtein Says, Here's Possible Reason

Mon, 10/10/2022 - 14:36
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Yuri Molchan
David Gokhshtein believes Bitcoin will break out soon
Bullish on Bitcoin Now, David Gokhshtein Says, Here's Possible Reason
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Founder of Gokhshtein Media David Gokhshtein has shared his bullish stance on Bitcoin once again. According to his tweet, he expects the flagship cryptocurrency to explode soon.

"Bitcoin has to break out soon"

Former U.S. congressional candidate David Gokhshtein is bullish on Bitcoin once again after he dedicated a couple of months to tweeting about Shiba Inu and Ripple-affiliated XRP.

As October kicked off, Bitcoin managed to recapture the $20,000 level and even rise to a local peak of $20,395 on Oct. 6. However, later on, BTC slipped to an intraday low of $19,700 after the release of the September jobs report.

The U.S. Labor Department issued a stronger than expected report on unemployment. Instead of the predicted 255,000 new jobs added to the market, the report spoke of 263,000 new jobs. Thus, the unemployment rate fell from the expected 3.7% to 3.5%.

The U.S. stock market and Nasdaq index futures slipped, taking Bitcoin along with them down the hill.

It's Time for Bitcoin, "Rich Dad, Poor Dad" Author Says, As He Predicts Major Collapse

Bitcoin may surge soon, analyst says

As reported by U.Today earlier, the head of the South Korean analytics platform CryptoQuant, Ki Young Ju, stated that there are good odds that Bitcoin may go up soon.

He concluded that since financial institutions have recently been moving massive amounts of USDC stablecoin to centralized exchanges, this represents lots of "dry gun powder" that could later be used for purchasing BTC.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at