Top Analyst Tone Vays Says Rapid Bitcoin (BTC) Rise to New All-Time Highs Likely If Crypto King Overcomes One Final Hurdle

Top Analyst Tone Vays Says Rapid Bitcoin (BTC) Rise to New All-Time Highs Likely If Crypto King Overcomes One Final Hurdle

Veteran crypto strategist Tone Vays says Bitcoin may be en route to printing a new all-time high, after its sudden rise above $11,000. But first, it must flash one more bullish technical signal.

The analyst says Bitcoin’s rising market dominance suggests the crypto king is poised to launch a sustained uptrend, which is different from the parabolic rally that ended quickly in 2019.

“So as long as this trend continues, I will be very bullish on Bitcoin. I think Bitcoin will have a pullback back to $10,000. After that, it can take off to a new all-time high quickly, just like gold. I’m still bullish on Bitcoin very much. I’m not touching my HODL position. 

I was selling my HODL position in 2019 to pre-pay bills because I did not trust that rally to $14,000. I trust this rally to go way higher. I’m way more bullish now than I was in early 2019.”

In order for Bitcoin bulls to dominate the market, Vays says must hold above a crucial line at $10,000.

“I need a full candle above the trend line. This is a start. It looks like this candle will begin and end above the trend line. That is step number one to a sustained trend line break.

We broke the trend line. Can we sustain it? This is a very good start because this candle would have to fall a lot to get back below the trend line. 

We don’t have to stay above it for many weeks. If this candle, closes above $10,000 on a weekly scale, that’s enough for me.”

Source: Tone Vays
  • Bitcoin
  • Ethereum
  • Litecoin
  • Zcash
Scan to Donate Bitcoin to bc1qcc3xajxvdqjnx2f7j7sfcfun7jagr0nh94fa2e

Donate Bitcoin to this address

Scan the QR code or copy the address below into your wallet to send some Bitcoin

Scan to Donate Ethereum to 0x704671D7591d05Dd0790E86Aee964558E9347b07

Donate Ethereum to this address

Scan the QR code or copy the address below into your wallet to send some Ethereum

Scan to Donate Litecoin to ltc1q7tj9ydra9ylkelu42vypp6cu2v0msf5lc2p5mq

Donate Litecoin to this address

Scan the QR code or copy the address below into your wallet to send some Litecoin

Scan to Donate Zcash to t1LiPaQ7gsSL23FbjXswpSoguP6yAE1xj5B

Donate Zcash to this address

Scan the QR code or copy the address below into your wallet to send some Zcash

 124 Interactions,  2 today

Crypto & Finance News