All articles tagged with #tone vays
Tone Vays, a veteran crypto trader, predicts upcoming rallies for Bitcoin, saying that the crypto king is in full-on bullish mode. He predicts a Bitcoin rally toward his initial target at around $34,000, and if it breaks above, BTC could rally all the way up to $55,000. However, he suggests that Bitcoin's daily chart suggests that a consolidation period is on the horizon for the crypto king.
Tone Vays, a seasoned trader, believes that Bitcoin's current consolidation is a signal that it is likely following a path that leads to an extended bull market. Vays previously predicted that Bitcoin could either witness a parabolic rally to $60,000 this year and top out at $200,000 sometime in 2025 or continue to consolidate for the rest of the year before rallying toward his higher target of $300,000. He now believes that Bitcoin is clearly showing that it wants to go through a prolonged bull market that could propel the crypto king to as high as $300,000.
Veteran crypto trader Tone Vays remains bullish on Bitcoin despite the current market downturn, stating that the probability of Bitcoin surging by over 30% from current levels is higher than the probability of it plunging to around $22,000. Vays' bullish thesis is informed by the fact that the Bitcoin halvening is less than a year away, and he believes that the downside is very limited. Even if Bitcoin undergoes further corrections, Vays' bullish thesis will remain intact.
Crypto analyst Tone Vays predicts that Bitcoin's current consolidation phase will result in a strong breakout rally to the upside. Vays notes that key moving averages on the weekly chart are acting as support for Bitcoin, and he expects a golden cross to occur as the 20-week moving average passes above the 50-week moving average. Vays believes that Bitcoin will break out of its consolidation within two weeks and remains 100% bullish in the market. Bitcoin is currently trading at $28,034.