Tone Weiss: "I would not want a reliable Bitcoin rally" – Bits Media

Famous trader and cryptocurrency analyst tone Weiss (Tone Vays) stated, that I would not like a repetition of the paraboly growth of bitcoin, Similar to growth in 2019 year.

In the video on his channel, Weiss reminded, what in 2019 year the BTC course has almost unlimited by 200% for 4 months. But then this resulted in almost a year of consolidation of the first cryptocurrency and an unexpected fall in the course on 70%. Instead of such a sharp growth, the analyst would prefer a slower, but a long increase in bitcoin capitalization.

“If we grow sharply, Let's say, to $50 000, then a very likely quick fall to $25 000 or $30 000. But if the course will grow more slowly and stable, then the fall with $50 000 to $30 000 It will be unlikely. If everything goes according to an ideal scenario, then now Bitcoin should slow down. May be, grow up to $30 000 And roll back to $25 000. Then break through $30 000, grow up to $35 000 and return to $30 000. And start growth again ", - believes Weiss.

According to the analyst, If the bitcoin course increases to $50 000 or $60 000 Not earlier than this summer, then then the first cryptocurrency will roll back to $30 000 Or only before $40 000. He noted, that slow and stable growth will avoid a new fall to $20 000.

Earlier, CEO of the Capriole investment company Charles Edwards (Charles Edwards) He said, that bitcoin is preparing for a “ideal jerk on $100 000, just like on textbooks ".