Tone Weiss: "Bitcoin's upward movement has just begun"

Cryptocurrency analyst Ton Weiss believes, that Bitcoin's recent rise is just the beginning, and the first cryptocurrency will continue to rise in price.

Tone Weiss (Tone Vays) in another video said, that the breakout of resistance at $ 12,000 should be just the beginning of another bullish cycle:

“Everything happens like this, as I thought. We're still in a triangle, and we can go back to $ 12,000. However i think, that this will not happen - the support of buyers and people is too great, afraid of missing out on profits. Они должны подтолкнуть цену BTC выше $13 000».

And when the rate of the first cryptocurrency approaches $ 14,000, traders will start taking profits, and the market will consolidate for a while. It is even possible to roll back to $ 12,000 or $ 11,500. Although in the long term, the analyst views Bitcoin positively:

“The monthly chart looks great. October may close as the second month in history for the value of bitcoin, and if BTC reaches $ 14,000, then the first. I have a very positive view of the future of bitcoin, I was not so optimistic from the beginning 2017 of the year".

In conclusion, Tony Weiss said, which expects significant growth in bitcoin within six months. The first cryptocurrency rate can grow by 300% and reach $ 50,000. Then there will be a rollback to $20 000 and consolidation, but in the end BTC will be worth $ 100,000.

“From a course of $ 50,000, we can grow by 300% or 400%. It is quite probable. I.e, bitcoin can reach $ 150,000. AND, think, this will happen before the next halving of the reward for miners ", - said the analyst.

Recall, that the third halving of bitcoin took place
this may. The reward for miners for mining a block has decreased from 12.5 BTC to 6yu25 BTC.

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