Tone Vays Drops Optimistic Prediction About The Price Of Bitcoin | CryptoGazette
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The crypto market is looking great, and the prices seem to recover following the latest crypto corrections that we’ve been seeing.
Check out the latest reports about the price of Bitcoin today, as Tone Vays notes.
It’s been just revealed that a popular crypto trader says if Bitcoin (BTC) can finish the week in the positive territory then the leading crypto asset might be headed for a lunar landing.
BTC charts look good so far
In a new strategy session, Vays explained that the BTC charts look good so far, but he’s keeping his eyes on a pair of resistance levels that need to fall to push Bitcoin’s price higher.
Vays also says BTC is almost about to set off a bullish signal on the Lucid SAR – this is a variation of the Parabolic SAR, a directional trend indicator.
“Weekly chart, this is looking good. We still have a long way to go until the end of the week.”
He continued and also said this:
“I am hopeful that anywhere above current flows, I am bullish into next week. And if we’re bullish next week, we’re going to probably break the Lucid SAR.”
The chart analyst said that the following resistance level – $52,000 is as a critical area that could propel BTC skyward if achieved.
“You can see how the $52,000 area is my moon zone. I’m expecting a huge move to the upside above this line. That is my line. I don’t need to wait for a new all-time high.”
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $44,189.
It’s been just revealed that the managing partner of investment research firm Fundstrat Global Advisors, Tom Lee, has just said that there is a category of investors whose involvement could send Bitcoin (BTC) to a six-figure price.
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