Popular cryptocurrency analyst Ton Weiss believes that Bitcoin is preparing for growth, since there can only be an upward exit from the current horizontal BTC price corridor.
According to Tone Vays, the rate of the first cryptocurrency rebounded from the “bottom” at $15,700. The analyst noted that the price of bitcoin has been consolidating around $17,000 for quite a long time, so we can expect an increase in the rate:
“There is a probability of more than 50% for Bitcoin to go up. We should expect growth of at least 10%. But when approaching the levels of the previous channel, which is about $20,000, sellers may increase pressure.”
Weiss emphasized that usually the price of an asset is traded at the bottom for only a few hours. Bitcoin really only fell to $15,700 for a short period of time.
At the end of October, Ton Weiss said that bitcoin would reach a six-figure price in 2023, even before the next miner reward cut.
Source: Bits
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