March 28, 2024

Ton Weiss: Bitcoin price will reach $ 100,000 by the end of December

Ton Weiss: Bitcoin price will reach $ 100,000 by the end of December

Crypto trading veteran Tone Vays predicts that Bitcoin (BTC) will end its current cycle relatively soon.correction and then sharply rise to the six-digit level.

During the new strategy session, Weiss said,that the recent BTC price movement is reminiscent of July, when the flagship cryptocurrency fell to an annual low below $ 29,000 and then rallied aggressively to $ 52,000 in less than six weeks.

«We are in a very similar situation,happened in July... now it’s already mid-September. It's been a long time and everything seems incredibly similar to me... I'd like to see a drop tomorrow or the next day that takes us to a range around $43,000 followed by a big rally.

According to Weiss, it is likely that Bitcoin will fall briefly and provide traders with a buying opportunity near the $ 40,000 level.

Assuming Bitcoin bounces off the $ 40,000 support range, Weiss predicts BTC will rise to $ 100,000 by early 2022.

«The $40,000 minimum will come eithernext week, or it could linger... until early October, and then we'll break through that area with gains to $50,000 in mid-to-late October. By the beginning of November we will exceed $65,000, by the end of December, probably $100,000.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

Ton Weiss: Bitcoin price will reach $ 100,000 by the end of December

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