Bitcoin Will Break Out To $300k Soon – Here’s When

Bitcoin Will Break Out To $300k Soon – Here’s When

The optimistic predicitons about Bitcoin continue these days. Check out the latest reports about all this below.

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At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $22,401.

Bitcoin will break out to $300k

It’s been just revealed that the trader Tone Vays believes that Bitcoin (BTC) could be gearing up for a massive eruption to the six-figure level and go as high as $300,000.

In a new strategy session, Vays said recently that Bitcoin could explode between 792% and 1,238% from current prices in the next bull market.

“So this is my projection. There’s two paths. We can hit this line [diagonal resistance] twice like we did in the last cycle [2021]. [Or], we can hit this line once near the end like we did in the prior cycle [2017]. If we hit it near the end, we’re going to go higher [$300,000]. If we hit it twice, we’re going to go lower [$200,000].”

He also said the following: “Personally, I’d rather [we] hit it twice. I’m tired of Bitcoin being this cheap.”

According to Vays’ chart, it seems that he thinks Bitcoin could rally toward his initial target of $200,000 sometime in 2025. Should BTC go higher and rally to $300,000, Vays believes that can happen in late 2025 or early 2026.

In the short term, on the other hand, Vays thinks that the Bitcoin pullback is not yet over.

“The [previous] week closed poorly, which at the moment sets us up for a pullback all the way down to the long-term moving average and $20,000.”

The other day, we revealed that a popular crypto analyst is unveiling his forecast for Bitcoin (BTC) after the king crypto plunged over 6% on March 3rd.

Analyst Justin Bennett says in a recent newsletter that Bitcoin bulls should pay close attention to the $23,130 price for BTC.

According to the trader, BTC could witness another sell-off event. This will reportedly happen if bulls fail to recapture the key price area.


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