Promising BTC Forecast from Analyst to Market

Cryptocurrency analyst and veteran trader Tone Vays points to a bullish situation for Bitcoin in the long run.

Tone Vays is not worried about the recent crash in the Bitcoin and cryptocurrency market and the two-year low. According to Vays, BTC will see the level of $100,000 with a 450 percent increase next year. He also claims that this decline presents an opportunity.

These statements are promising at a time when the leading cryptocurrency has reached the bottom of the last two years. Vays tells his subscribers on Youtube that even a drop in the price of Bitcoin to $11K will not change anything. Bitcoin price could hit a new all-time high at $100K next year, according to the analyst. The senior trader and analyst also says that the crash is a good thing. According to him, these crashes and lows will attract new buyers who want to buy and hold BTC for the long term.

“Even if we see a crash to $11,000, we can still reach $100,000 next year. Because too much Bitcoin will be bought cheaply and sent to cold wallets.”

Vays also says that if the Bitcoin price closes this week above $18,500, it will be a signal that the leading cryptocurrency has bottomed out.

“If Bitcoin closes weekly above the $18,500 support level, I can now be sure of the bottom probably. It looks much more promising for now.”

According to the veteran trader and analyst, the funding rate on the crypto trading platform BitMEX also points to Bitcoin bottoming out in light of historical data.

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