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Veteran crypto trader Tone Vays says Bitcoin (BTC) should finish its recent correction relatively soon before going on a sharp rally to six figures.
“A $40,000 low coming in either next week or it could get dragged out… into early October, and then we break this area of $50,000 in mid- to late October.
We break $65,000 by early November, and then we’re probably hovering above $100,000 by end of December. So I’m still holding to my view that we break $100,000 in December.”
In other trending Bitcoin News today: Cathie Wood predicts Bitcoin will surge to $500,000 in 5 years – and says Ark Invest’s confidence in Ethereum has shot up dramatically.
Ark Invest CEO Cathie Wood expects bitcoin to soar to $500,000 in five years, and her firm’s conviction in ether has strengthened tremendously, the star stock-picker said in a new interview with CNBC on Monday.
“Our confidence in ether has gone up dramatically as we’ve seen the beginning of this transition – from proof of work to proof of stake,” Wood said. “We’d still probably do 60% bitcoin, 40% Ether.”
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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