Veteran Trader Tone Vays believes that Bitcoin (BTC) can be prepared for a big boom to the six-digit level. According to the analyst's forecast, BTC can reach up to $ 300,000. In a new strategy session, Vays spoke to 123,000 YouTube subscribers. The analyst says that Bitcoin could explode between 792% and 1.238% from current prices in the next bull market. “So this is my projection.
There are two ways. We can hit this line (diagonal resistance) twice as we did in the last loop (2021). Or, we can close this line to the end as we did in the previous loop (2017). If we get close to the end, we're going to go even higher, say $300,000. If we hit it twice, we'll be $200,000 less. ” Personally, I prefer to hit it twice. I'm tired of Bitcoin being this cheap. ” Source: Tone Vays/YouTube Looking at the analyst's chart, it appears that he thinks Bitcoin could move towards its initial target of $200,000 sometime in 2025. BTC should go higher and reach $300,000, Vays believes this could happen in late 2025 or early 2026. But in the short term, Vays thinks the Bitcoin pullback is not over yet. “Last week was bad. It currently prepares us for the long-term moving average and a pullback to $20,000.” At the time of writing, Bitcoin is trading at $22,490. Bitcoin, the world's largest crypto, is down 0.28% in the last 24 hours. Therefore, its market capitalization is at the level of 432.61 billion today. Leading crypto is facing a tough few weeks. In the last 24 hours, the trading volume has increased by 7.13%. In addition, the dominance of Bitcoin increased by 0.21% compared to the previous day and reached the level of 42.34%.
