Famous analyst Tone Vays said that the probability of Bitcoin to increase by more than 75 percent by the end of the year in such a situation and time frame is very low.
Analyst targets first quarter of 2022 for 100 thousand dollars
Analyst Vays told YouTube subscribers that while Bitcoin is unlikely to exceed $100,000 this year, it could hit those levels in the first quarter of 2022.
Analyst, “Bitcoin I want it to reach the $100,000 target by the end of the year, but that seems unlikely at the moment. I believe that in the first quarter of 2022, we will easily reach this target.” used the phrase. The analyst says bitcoin could recover, adding:
I predict bitcoin price will face a rejection just below the 50-day moving average. Already, price action is heading in that direction. But if we go back to this [50-day] moving average shortly and on a daily scale, I expect the price to increase in a few weeks.