Seasoned trader Tone Vays predicts that Bitcoin (BTC) will exceed expectations in the current market cycle.
Spot Market ETFs: A Game-Changer
With the launch of spot market exchange-traded funds (ETFs) this year, Vays believes BTC is poised for a surge beyond his previous target of $200,000. He suggests that the bull market could extend or the rally could reach higher levels for longer.
A Break Above $84,000
Vays predicts that once BTC breaks above $84,000-$85,000, it will be unlikely to fall below $65,000 again. He believes that this time, Bitcoin will surprise people with its upside potential.
A Long-Term Bullish Outlook
Vays’ chart analysis suggests that BTC could rally above $355,000 by April 2027. At the time of writing, BTC is trading at $63,896.
Disclaimer: The opinions expressed in this article are not investment advice. Investors should conduct their own research before making any high-risk investments in Bitcoin or other cryptocurrencies.
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