Tone Vays, a veteran crypto trader, claimed that the probability of Bitcoin reaching $100,000 in the coming months is quite high, and he set a timeline.
Vays evaluating BTC in a new strategy session; He shared that he thinks there will be a repeat of the important Bitcoin rally that took place from the end of July to the beginning of September, when Bitcoin (BTC) rose from $32,000 to $52,000.
The veteran crypto trader expects strong upsides for BTC before hitting resistance just above all-time highs around $68,000, based on its unique Momentum Reversal indicator (MRI).
“[Temmuz-Eylül arası yaşanan] I expect this situation to recur, and if it does, it will take us to the all-time high of $68,000 or slightly below. We will most likely encounter significant resistance at the MRI resistance line and be stuck there for a while, most likely until late November, maybe even mid-November. After that, I think we will have a big exit from this region ($68,000) to the $100,000 area from the end of the year or from the end of the year to January-February. Either way, these are my goals. I am still very optimistic right now.”
Vays said that Bitcoin will make a parabolic move to the six-digit price range by 2022, but before that, it will start making moves to hit all-time highs early next month. The trader predicts that in October, Bitcoin could experience a price boom like it did in 2013.
“Just like before, at the beginning of October or mid-October, I think we’re going to start challenging previous all-time highs, and then have a massive upswing at the end of the year. From mid-October to the end of December, I think we will go from $65,000 to $100,000. That’s still my goal.”
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