After the last price correction, the question of the value of cryptocurrencies Bitcoin is gaining popularity again: will the current market volatility affect the growth of the BTC rate or will the representatives of the crypto community witness another pullback? A well-known crypto analyst Tony Weiss spoke about his vision of the dynamics of cryptocurrency.
Recently, Winnie Lingham, CEO of the blockchain platform Civic, spoke about the possibility of the BTC rate to drop below $ 3,000. Lingham also said that the bear market may not be in the past. Now, Weiss is talking about a possible pullback, he believes that the possibility of another price reduction cannot be ruled out.
According to Weiss, if during the next 24 hours the BTC does not exceed the level of $ 8,300, there is a chance that another rollback for BTC will occur. In the long term, Weiss expects a deeper correction – the price may fall below $ 7,000 and even come close to $ 4,000. If we expect a potential pullback, it will happen, according to Weiss, soon. He believes that the longer the BTC keeps in the range between $ 7,500 and $ 8,000, the more chances that the cryptocurrency rate will go up.
Recall that a few months ago, Weiss said that he did not expect the growth of the BTC rate (at least up to $ 20,000) until 2023. The analyst believes that the bull market is not worth talking about until the various Shitcoins, Altcoins and ICOs disappear.
