Renowned analyst and trader Ton Weiss warned of a possible fall in the price of bitcoin.
In your video Vays drew the attention of traders to the MRI indicator, which shows that bitcoin has found a local bottom.The crypto analyst believes that BTC has every chance of rising to $72,000 .
Nevertheless, after reaching a new record, there will be a period of sell-off and deep correction. According to his chart, Bitcoin could fall below $ 25,000.
Weiss said:
In my opinion, the current correction is over and wemarket growth awaits. If we see a new price record in the coming weeks, it will be the third consecutive peak in the MRI, which could be followed by a significant correction.
Recall that another well-known investor is Peter Brandt– recently predicted that this bull run will end with an 80% correction, as it did in 2018.
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