Ton Weiss: bitcoin will update the maximum, but then the asset is waiting for a significant correction

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.

– 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.”

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