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.
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.
“Now if
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!