Bullish Bitcoin: Veteran Trader Tone Vays Reveals Surprising Targets

By Lola Coin Jun 26, 202390Views

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Crypto trader Tone Vays believes that Bitcoin is in full-on bullish mode and predicts upcoming rallies for the cryptocurrency. He notes that the moving averages are crossing over into bullish territory and the weekly chart is in full bullish mode based on the Consensio trading system. Vays predicts a Bitcoin rally towards his initial target at around $34,000, and if it breaks above that level, he suggests a potential rally up to $55,000. However, Vays also mentions that Bitcoin’s daily chart indicates a consolidation period is on the horizon. He expects a correction or consolidation, and while he believes Bitcoin will hold at $30,000, he advises caution due to the potential impact of the S&P 500. As of the time of writing, Bitcoin is trading at $30,173, down nearly 1.50% in the last 24 hours.

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