Popular crypto consultant and researcher Tone Vays says Bitcoin’s price pullback has ended for now, with a push to a new all-time high likely in the coming weeks.
During a recent YouTube video titled “Bitcoin Pullback is OVER – New All Time Highs Soon!!!” released on Tuesday (March 16), the veteran trader said that BTC’s price correction has come to an end for now. Vays cited the momentum reversal indicator (MRI), a tool for predicting the end of a trend based upon price momentum.
He said:
“I believe the correction has ended… I am calling it right here on live air that I believe we are now going to be bullish.”
Vays went on to predict Bitcoin would regain its bullish momentum in a push to a new all-time high above $72,000 in the coming weeks.
He also cautioned viewers that Bitcoin would likely experience another price correction following the run to $72k. According to Vays, the next price pullback will be bigger than the most recent downtrend.
He explained:
“If we do close this week at or right near a new weekly closing high, we are back on track for the third consecutive MRI top. Once this third consecutive weekly MRI top comes into play, I believe a bigger correction will follow.”
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The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
