Experienced trader Tone Vays, bitcoin He is of the opinion that the price of (BTC) may be preparing for a big breakout to six-digit levels. Vays’ price target is at $300,000.
Speaking in a new video on his YouTube channel Tone VaysHe stated that Bitcoin could explode between 792% and 1.238% from current prices in the next bull market.
“I would like to say that there are two ways in my estimation. As in the last cycle i.e. 2021 we can hit this line cross resistance twice. Or we could hit that line near the end, as in the previous cycle, 2017. If we hit near the end, we’ll go higher my $300,000 estimate. If we hit it twice, we’ll go lower, $200,000 is my target here.”
Koinfinans.com Looking at Trader’s chart, as we reported, it seems that he thinks Bitcoin may rise towards its initial target of $200,000 sometime in 2025. If BTC goes even higher to $300.00, Vays believes it could happen in late 2025 or early 2026.
But in the short term, he thinks the pullback in Bitcoin is not over yet.
“The previous week closed badly, which now prepares us for the long-term moving average and a pullback to $20,000.”
https://www.youtube.com/watch?v=ZA3I2YXVPegv
You can follow the current price action here.