Veteran Trader Tone Vays Forecasts Bitcoin (BTC) Breakout to $300,000 – Here’s His Timeline

Veteran Trader Tone Vays Forecasts Bitcoin (BTC) Breakout to $300,000 – Here’s His Timeline

Time Stamp: March 6, 2023 3:04 AM
Source Node: 1994665

Seasoned trader Tone Vays believes that Bitcoin (BTC) could be gearing up for a massive eruption to the six-figure level and go as high as $300,000.

In a new strategy session, Vays tells his 123,000 YouTube subscribers that Bitcoin could explode between 792% and 1,238% from current prices in the next bull market.

“So this is my projection. There’s two paths. We can hit this line [diagonal resistance] twice like we did in the last cycle [2021]. [Or], we can hit this line once near the end like we did in the prior cycle [2017]. If we hit it near the end, we’re going to go higher [$300,000]. If we hit it twice, we’re going to go lower [$200,000].” 

Personally, I’d rather [we] hit it twice. I’m tired of Bitcoin being this cheap.” 

Source: Tone Vays/YouTube

Looking at the trader’s chart, it appears that he thinks Bitcoin could rally toward his initial target of $200,000 some time in 2025. Should BTC go higher and rally to $300,000, Vays believes that can happen in late 2025 or early 2026.

In the short term, however, Vays thinks that the Bitcoin pullback is not yet over.

“The [previous] week closed poorly, which at the moment sets us up for a pullback all the way down to the long-term moving average and $20,000.”

At time of writing, Bitcoin is trading for $22,490.

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