Why This Former NYSE Trader Is Waiting for Bitcoin to Hit $30,000

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Bitcoin saw some volatility over the weekend, despite the positive news that El Salvador planned to adopt Bitcoin as legal tender and the Miami Bitcoin conference wrapped up.

However, now El Salvador has officially adopted Bitcoin and we're seeing a bounce in the crypto, which is now trading at around $36,000.

Kenny Polcari, on Friday, June 4 was looking at Bitcoin's chart and noted that it was showing a head and shoulders pattern, which led him to conclude that it could dip to $30,000. If that dip happened, Polcari--who owns Bitcoin--felt that it would be a good chance to buy more. 

So, TheStreet checked in with Polcari to see what he thought of it on Tuesday, June 8.

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