Ton Weiss expects bitcoin rally before the end of the year

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Popular cryptocurrency analyst Ton Weiss believes that Bitcoin is preparing for growth, since the only way out of the current horizontal corridor of the BTC price can be upward.

According to Tone Vays, the course of the firstcryptocurrency pushed off from the “bottom” at $15,700. The analyst noted that the price of Bitcoin has been consolidating around $17,000 for quite a long time, so we can expect an increase in the rate:

“There is a probability of more than 50% for Bitcoin to go up. We should expect an increase of at least 10%. But when approaching the levels of the previous channel, which is about $20,000, sellers may increase pressure.”

Weiss emphasized that the price of an asset usually trades around the bottom for only a few hours. Bitcoin actually fell to $15,700 only for a short period of time.

At the end of October, Ton Weiss said that Bitcoin would reach a six-figure price in 2023, even before the next reduction in miner rewards.