Tone Vays Reaffirms His $100,000+ Bitcoin Prediction By The End Of 2021

A well-knonw veteran Bitcoin trader, Tone Vays, is sticking to his prediction that the leading digital asset will reach six figures by the end of 2021.

Tone Vays shared a new update with the 115,000 subscribes on his YouTube channel that stays committed to his earlier prediction that Bitcoin will reach six figures against USD before the year 2021 ends.

“I’m still sticking to it, guys… $100,000 by the end of the year.

And we got about six weeks to go.”

Vays is looking into monthly Bitcoin charts, and points out that all moving averages are up – looking very bullish.

“Monthly chart looks very bullish…

We are above all moving averages; they are all rising.”

Moving averages are technical indicators based on the historical price at certain time frames, and are usually used for determining current and future trends.

At the moment BTC trades in a channel between $60K and $66K, the analyst points out.

“As long as we stay in this channel, I will anticipate a big break out.”

As to when Bitcoin will break out from the channel, the analyst believes BTC will consolidate until around Thanksgiving. Vays expects BTC to make the jump from the mid-sixties to $100,000 during December.

“[I]f we continue to consolidate and hit the arrow, that means the price of Bitcoin is still sitting below $64,000 at the end of November. Going into Thanksgiving, the big US holiday. 

And then I expect it to go up towards $100,000. So I remain bullish.”

At the time of writing Bitcoin is trading at $62,165.