Bitcoin Targets $100k, Trader Tone Vays Predicts

Source: Pixabay

It’s been just revealed that crypto trader Tone Vays said that Bitcoin targets $100k in the coming months.

Vays predicted about Bitcoin’s sizeable rally from late July to early September where BTC surged from $32k to $52k.

He expects strong rallies for BTC before hitting resistance just above ATH around $68,000.

“I’m probably going to expect a repeat of this situation, and if we make a repeat of that situation, that takes us right into a new all-time high at $68,000 or maybe a little bit less,” he said.

He continued and said: “We will probably have significant resistance at the MRI resistance line and after getting stuck there, probably into November, maybe as late as mid-November, I then expect a huge breakout from this area $(68,000) into the $100,000 area into end of year or through the end of year into January-February. Either way, these are my targets. I remain very bullish right now.”

Vays said that he sees Bitcoin threatening to take out its ATHs potentially early next month before making a parabolic move into $100k by the time 2022 rolls around. He said that BTC could explode in October the same way it did in 2013.

“Just like before, in early October or mid-October, I expect us to start challenging the prior all-time highs and then a huge run-up at the end of the year. Like mid-October into late December, I’m expecting us to go from that $65,000 all the way to $100,000. That is still my target.”

Bitcoin vs. gold

MicroStrategy has been supporting Bitcoin for a really long time now and he continues to do so. His firm has been buying the digital asset despite the market volatility.

Saylor just posted a comparison between Bitcoin and gold and you can check it out below.

Stay tuned for more news.

Previous ArticleNext Article
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.
>