Bitcoin To Reach $355K? Veteran Trader Tone Vays Predicts 'Surprise' Upward Swing
Portfolio Pulse from Benzinga Neuro
Veteran trader Tone Vays predicts Bitcoin (BTC) could reach $355,000 by April 2027, citing the introduction of spot market ETFs as a key driver. Vays believes breaking the $84,000 to $85,000 threshold will solidify BTC's position above $65,000, marking a significant bullish trend despite recent volatility.
March 06, 2024 | 11:55 am
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Tone Vays predicts Bitcoin could reach $355,000 by April 2027, influenced by the introduction of spot market ETFs and a bullish market trend.
Vays' prediction is based on the introduction of spot market ETFs, which could significantly boost Bitcoin's value. Breaking the $84,000 to $85,000 threshold is seen as a critical point for maintaining a bullish trend, making it unlikely for BTC to fall below $65,000 again. This optimistic forecast, despite recent volatility, suggests a strong bullish sentiment that could influence investor behavior and drive up BTC's price in the short term.
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