Well-known trader and analyst Ton Weiss is betting on a strong Bitcoin breakout.
In a new video, Weiss told hissubscribers that Bitcoin has gone beyond the big descending triangle on the monthly chart. As a bullish pattern, the signal suggests an uptrend after breaking through resistance.
I can't wait for this to happen. And the later this happens, the more brutal the growth will be. Bitcoin looks great. The monthly chart looks fantastic.
According to Weiss' chart, BTC must overcome resistance around $ 60,000 to trigger a massive rally above $ 100,000.
In the short term, according to Weiss, Bitcoin should rise above a key level.
We are slightly ahead of the moving average bythis four-day candle. But the next four-day candle could easily break the next moving average, which means there will be a moving average cross on the next candle. If the next candle breaks $ 51,750, I would re-invest 20% to 33% in the market.
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