Experienced trader Tone Vaysreiterated his predictions that Bitcoin will continue to rise despite BTC’s sharp decline from its all-time high of $69,000.
Speaking at a new strategy session, Vays told his 119,000 YouTube subscribers that it is still in a ‘bullish’ outlook against Bitcoin and that BTC has not yet entered the bear territory.
“I believe in higher and higher dips especially in the consolidation environment. So for me to accept that it’s a bear market this bottom [28.805 dolar] It has to be broken.”
Vays also outlined a few key reasons why he believes Bitcoin is still in a bullish environment from a fundamental perspective.
“When we’re growing exponentially, it’s easier to call the beginning of a bear market. When you don’t rise exponentially and that’s absolute [BTC rallisi 3.700 dolardan 64.000 dolara] it looks exponentially, but not in percent. And also it doesn’t depend on what’s going on in the general environment.
MicroStrategy comes in. Tesla enters. El Salvador considers it the reserve currency. Those were high bullish macro signs.”
The veteran trader also added that Bitcoin’s market structure on the higher timeframe continues to rise and he expects BTC to finally rebound to its all-time high.
“It didn’t give me the impression that this was the start of a bear market, and it wasn’t because we hit a new high. And the probability of that happening is very low. Every time the breaking of the previous high brings us here [100.000 dolar] I bet you’ll bring it back. I will always make that bet.”