The first cryptocurrency is expected to resume its growth, renew its historical high and subsequent significant drop. This was stated by the well-known trader Ton Weiss.
MRI has once again perfectly timed the #Bitcoin Top a few hours ago… Looking for a 1-4 day correction then a push above $ 70k in line with the Weekly MRI. https://t.co/MCO3TG4UIX pic.twitter.com/J9xD1KuSg0
– Tone Vays (#EndLockdowns) (@ToneVays) March 14, 2021
According to the expert, the MRI indicator confirms the end of the short-term correction of bitcoin.
Weiss predicted digital gold to rise above $ 70,000 in the coming weeks. Investors will then begin to take profits, which will lead to a massive drop in the price of the asset, he added.
We will remind, in December, Weiss predicted the growth of bitcoin to $ 300,000 in 2021. He also called the forecast for the growth of the first cryptocurrency to $ 100,000 in the near future “overly conservative.”