Popular crypto analyst and commentator Tone Vays is on the agenda with the 2021 Bitcoin forecast. Vays says the BTC price is on track to reach $ 300,000 next year.

 

Tone Vays’ 2021 Bitcoin forecast: “It could even exceed $ 300,000.”

In a recent YouTube live stream with Willy Woo, Vays described the idea of ​​Bitcoin reaching $ 100,000 in the near future as “extremely conservative.” The popular analyst raised the price expectation for BTC to the $ 200,000 to $ 300,000 range in 2021 and said the price could go higher.

Technical outlook is positive

Vays, a former Wall Street broker and manager at JP Morgan Chase, has been a strong supporter of Bitcoin and crypto assets since 2013. He is known for his predictions on strong fundamentals, including BTC’s relative strength index (RSI).

Vays said:

The daily chart’s RSI is back in the overbought territory, which means you should stick with your bullish trade for now. The MACD is in a nice area and tells you to stick to bull trading only. We don’t know when it will change.

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While sharing the daily chart for the 2021 Bitcoin forecast, Vays said BTC is preparing for another “jump” that could push the price to new historical peaks.

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