March 29, 2024

Tone Weiss: Bitcoin price will never drop below $ 5000

The price of the first cryptocurrency has finally consolidated above $5,000. About this during a live broadcast onYouTube channel ForkLog said a well-known trader and analyst Ton Weiss.

However, he believes that it is not worth waiting for a significant increase in bitcoin in 2020.

“I expect that we will still have problems this year. I do not think that we will rise very seriously in price. Most likely, we will be stuck between $ 6,000 and $ 10,000. And so it will be until the end of the year. ”- noted the trader.

Ton Weiss added that he expects a slight depreciation this week, which means another opportunity to buy:

“Bitcoin is the best investment for me. The last two years I have not told anyone to buy, but now I tell everyone to buy. ”

The price reduction will not be so significant as to count on a serious “discount”: the analyst has no doubt that the most serious drops are left behind.

"I think that we will never be below $ 5000",- said Ton Weiss.

The effect of halving on the price of the first cryptocurrency, accordingAccording to the trader, it will be possible to evaluate in 9-12 months, when the decrease in the number of bitcoins in the market will become noticeable and will push the price up “quite strongly”.

“I expect that by the end of this year the price of bitcoinit will be about $ 10,000, but most likely a little less: between $ 8,000 and $ 11,000. By the end of 2021, I expect a price between $ 15,000 and $ 20,000. In 2022-2023 we’ll finally make our way. ”- noted the trader.

Recall, at the end of April, the Ton Weiss YouTube channelwas deleted and then restored by the video hosting administration. In an interview with the English-language editorial staff of ForkLog, the trader spoke about his experience in the struggle for cryptocurrency content.