March 28, 2024

Ton Weiss: "bitcoin will still grow, but then a large-scale correction awaits it"

Ton Vays:

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.

Ton Vays:

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.

Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies