One of the popular traders of the crypto world Tone VaysNoting that Bitcoin (BTC) has already reached its ‘lowest level’, he stated that the rise towards higher prices is on the way. Here is the level the analyst is aiming for!
Bitcoin (BTC), the highest total value asset in the cryptocurrency world, traded at around $66,000 last Monday, but fell sharply to $59,000 on Tuesday. BTC started to regain some of its ground following this drop. Commenting on these declines, Vays stated that there should be ‘no panic’.
“I think the low is already in place and we will surpass $70,000 in the next few weeks.”
The analyst thinks that BTC is based on “some consolidation” and is “still accelerating” towards $100,000 in the first quarter of 2022.
Vays seems to have started to ‘mistake’ a bit in his recent predictions. In September, the analyst predicted that Bitcoin will reach $100,000 by the end of this year. Earlier this month, he updated his forecast, stating that he thinks BTC will consolidate, possibly by “Thanksgiving.”
Bitcoin is currently down more than 12.5% from its high at $69,044 earlier this month.
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.