A popular crypto analyst says Bitcoin (BTC) likely bottomed months ago and a run to the upside is now taking shape.
In a new video update, veteran crypto strategist Tone Vays tells his 123,000 YouTube subscribers that technical indicators are lining up for a potential Bitcoin explosion.
Tone Vays says Bitcoin likely bottomed back in November 2022, when BTC hit the $15,000 price range. The seasoned trader also says the recent dip into the $19,000 price range was a secondary pullback, a brief trend reversal caused by bearish activity.
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However, he notes the king crypto is likely to keep rising as the US banking system faces the threat of a larger bank run amid the collapse of Silicon Valley Bank and Silvergate Bank.
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