Experienced trader Tone Vays believes that Bitcoin (BTC) could be preparing for a massive eruption to the six-figure level and reach $300,000.
In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin could explode 792-1,238% from current prices in the next bull market.
“So this is my projection. There are two ways. We can get to this line [diagonal resistance] twice as we did in the last loop [2021]. [Or]we can hit this line once near the end like we did in the previous loop [2017]. If we reach it near the end, we’ll go higher [$300,000]. If we hit him twice, we’re going down [$200,000].”
Personally, I prefer [we] hit him twice. I’m tired of Bitcoin being so cheap.”
Looking at the trader’s chart, it seems that he believes that Bitcoin could rally towards its initial target of $200,000 sometime in 2025. If BTC goes higher and rises to $300,000, Vays believes that may happen in late 2025 or early 2026.
In the short term, however, Vays believes that Bitcoin’s pullback is not over yet.
“He [previous] The week ended poorly, which at this point sets us up for a pullback to the long-term moving average and $20,000.”
At the time of writing this article, Bitcoin is trading at $22,490.
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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investment in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any loss you may incur is your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and The Daily Hodl is not an investment adviser. Please note that The Daily Hodl is involved in affiliate marketing.
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