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BTC is still only in the middle of a long-term bullish cycle

2 min read
Bitcoin will grow
BTC. Source: Shutterstock, Sittipong Phokawattana

Legendary and still popular trader Tone Vays presented its latest analysis of BTC, according to which the largest cryptocurrency will continue to grow even after the end of 2021. Where will BTC be taken in the coming days?

Reasons why BTC will grow

At the time of writing, BTC was approximately at a level 46,400 USD. After yesterday’s slump, it seems that he has not yet been able to gain enough strength to “kick” him upwards. In any case, the Tone Vays trader still sees BTC only in the middle of the bull cycle. According to him, the price compared to the current state grow up to 5 times!

The previous bullrun lasted about 28 months. According to Vays, however, the current cycle will last much longer. When? Theoretically until the end of 2022. But how did he come about?

“I would like this bull market to continue until 2023. I would like to see this market peak at a quarter of a million, or a third of a million dollars, in 2023 and then fall by 80%. It would be a really interesting look at the bear market, because a drop of 80% would create a fall of over half. And that’s something that hasn’t happened before. ”

Trader Tone Vays shared his feelings in the following video:

In any case, I don’t think there is any trader who can clearly determine with high accuracy where BTC will go in the near future. It has always been, is and will be unclear. The situation, like the last collapse, can be repeated at any time.

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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