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.
“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.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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- Source: https://dailyhodl.com/2024/03/06/bitcoin-btc-will-surprise-people-to-the-upside-says-veteran-trader-tone-vays-heres-his-outlook/
