Ton Weiss: After storming the $ 52,000 mark, bitcoin will quickly rise to $ 65,000

- Advertisement -

Seasoned analyst Ton Weiss believes that Bitcoin (BTC) will gain potential for a major breakthrough in the next few weeks.

In a new pricing post, Weiss told his 114,000 YouTube subscribers that he sees the next short-term target for BTC at $ 52,000.

- Advertisement -

- Advertisement -

I still believe that once we overcome the $ 52,000 resistance, we will very quickly rise to a high of $ 65,000. Then we will probably have a slight pullback to the $ 50,000 range, and then there will be a monstrous breakout, which explodes like gasoline on fire, then we rise above $ 65,000.

Weiss noted that Bitcoin recently had a golden cross when the short-term moving average crosses the long-term moving average. A technical pattern is often seen as an indication of an upward rally in the near future.

We received a golden cross. And I believe that next week or so, we will be back above all the moving averages and approaching new local highs and then new all-time highs.

In terms of key levels to watch out for, Weiss cited $ 41,000 as an important support level that needs to be maintained.

Stay in touch! Subscribe to World Stock Market in Telegram.

- Advertisement -


Please enter your comment!
Please enter your name here

Hot Topics

Related Articles