An experienced crypto trader claims he can almost guarantee the start of a new bullish market if Bitcoin (BTC), reaches certain price targets.
Tone Vays will be leading a new strategy session. describes To his 123,000 YouTube Subscribers, a scenario showing how Bitcoin Bulls could end the year-long bear Market.
Vays says that BTC bulls need to push the price for the king crypto to its swing peak in November to have a good chance of sparking a new bull market.
“I want to see a move to just under $23,000. If we get rejected we will need to keep $19,000 and then return to challenge $23,000. I can say that I have 95% to 98% certainty that this bull market has begun. Until we get that situation, I don’t have a 95% certainty that the bull market has begun.”
The crypto trader who accurately called BTC’s collapse in 2018 is also open to the idea that Bitcoin could witness another sell-off event. He points out that BTC is likely to immediately begin a bull rally after traders surrender.
“Another scenario is if we crash down to $11,000 or lower. I believe the bull market will begin immediately after that because I just don’t believe Bitcoin can go any lower. So those are my two ultimate scenarios.”
Vays anticipates that Bitcoin will surpass $23,000 in price either later this year, or early 2023.
Bitcoin trades at $16,651 as of the time this article was written. This is a small increase over the previous day.
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