Popular crypto analyst Tone Vays, if Bitcoin (BTC) traders want to see higher levels next week, bitcoinHe thinks ‘s needs to be pulled back quickly this weekend.
The analyst, who regularly shares “market updates” on his YouTube channel, BTCof $63,000He thinks that it can explode after exceeding 1, but according to the analyst, for this explosion to occur, the price must be $55,000n must fall into the region.
“I’m not very keen on this but we can lower our area to $63,000 for this breakout to happen. If Bitcoin price rises above the $63,000 level, we could break the previous rise (indicating $66,900 on the previous rise).
All I want to see right now is a pullback. I want to see us pull back this weekend. If we experience a pullback towards $55,000, we could make a big leap forward.”
Recently reached an all-time high Bitcoin (BTC)entered a correction phase and consolidated below $60,000 for a while. CoinGecko According to data, at the time of writing, Bitcoin is trading at $62,586.
Vays thinks that a $55,000 level will present a great entry opportunity for Bitcoin, but he also does not rule out that there will be a slightly bigger correction before hitting $100,000.
According to the analyst, the worst scenario that can happen is currently $52,000 or $53,000. The analyst, who does not think that this support area can be reached below, continues to maintain his expectation of $ 100,000 at the end of the year.
Tone Vays correctly predicted last September that Bitcoin’s new ATH would occur in mid-October. The analyst continues to maintain his expectation of $100,000 in December.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.