March 28, 2024

Bitcoin never drops below $ 6,000 again

Bitcoin never drops below $ 6,000 again

Crypto analyst Ton Weiss continues to stick to the bullish line he took after the price collapseBitcoin below $ 4,000 in March and long months of bearish forecasts.

Weis said last week that he was no longer waiting for $ 2,800 bitcoin.

“Although in June I was thinking about the possibility of $ 2 800, nowI don’t think so anymore. I think this month’s incident brought the price close enough to $ 2,800, so I don’t wait for $ 2,800 anymore. If I don’t wait for $ 2,800, it’s clear that I don’t wait for $ 1,000, $ 1,300 or $ 1,500. ”, he said then.

In light of the ongoing recovery of the bitcoin market, now Weiss is not even waiting for even $ 6,000.

“An announcement that it was high time to make. As I said in the last two weeks, bitcoin has bottomed out. I’m surprised if he ever closes a daily candle below $ 6,000. ”, wrote Weiss.

In doing so, he called for vigilance, soas "those who go all-in in this speculative asset will be destroyed." Weiss himself was going to go all-in at the level of $ 2 750 - 2 950, before that adding positions with the help of limit orders of about $ 4 550 and $ 3 550.

Weiss's new forecast triggered mixed reactionsamong commentators. Some claim that bitcoin is inclined to do exactly the opposite of what is expected of it, especially when someone tries to name such narrow boundaries. Others argue that the skeptic’s forecast is “a more bullish signal than if CNBC and Peter Schiff told us to sell on the same day.”

Bitcoin is trading above $ 7 again this Tuesday.200, adding about 4% per day. This is the second rate rise to the current resistance in the last week, signifying an increase of almost 100% from the March lows.

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