Well-known analyst and trader Ton Weiss believes that Bitcoin will not have time to overcome the coveted $100,000 by the end of 2021.
The price of military-technical cooperation has little chance of soaring so quickly, but the first quarter of 2022 is the real timeframe for achieving a new record, according to the analyst.
At the same time, Weiss believes that Bitcoin is still continuing its correction and the price may slide below the 50-day moving average. But this may be followed by a breakthrough.
If BTC can return to this moving quickly and on a daily scale... I would expect a sharp breakout of the first cryptocurrency.
Subscribe to ForkNews on Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
JPMorgan CEO: Bitcoin has no value
JPMorgan CEO Jamie Dimon is not a fan of Bitcoin. On Monday, he reiterated his sentiments, calling the cryptocurrency "useless."
Cathie Wood: Big Money Investors Could Raise Bitcoin Price to $500,000
Cathie Wood, founder of the investment company ARK Investment Management, does not rule out the possibility of Bitcoin rising to $500,000.
