dailyhodl.com
06 March 2024 08:44, UTC
Seasoned trader Tone Vays believes that Bitcoin ($BTC) will go beyond people’s expectations during this market cycle.
In March of 2023, Vays predicted that $BTC would rally to $200,000 at some point next year.
In a new strategy session, the trader now tells his 122,000 YouTube subscribers that with the launch of spot market exchange-traded funds (ETFs) earlier this year, $BTC is in a position to surge well above his target, witness a longer bull market or rally higher for longer.
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“What does it mean now that we have the ETFs? It means that we are likely going higher than I anticipated. We could make the bull market go longer than I anticipated. Or the most beautiful combination of all, we go higher and longer.
It’s going to be obviously one of those three…
Once we break $84,000-$85,000, even if we break it next week, I think it’s going to be very difficult for Bitcoin to ever go below $65,000 again. Maybe I’m being a little too optimistic. I think this time is going to be a little different.
I think Bitcoin is going to surprise people to the upside because all those people who were wrong last time about Bitcoin going to $250,000 or $300,000, this time those seem to be the reasonable projections.”
Looking at the trader’s chart, he seems to suggest that the top crypto asset by market cap will rally above $355,000 by April 2027.
At time of writing, Bitcoin is trading at $63,896.
Generated Image: DALLE3
