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.
" A 100k #bitcoin in the near future overly conservative, the price target expectation for 2021 is on track for 200k to 300k USD….and it actually might go higher" 🔥🌕
— 🟩 Bitcoin Meme Hub 🔞 #taproot (@BitcoinMemeHub) December 26, 2020
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).
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.
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.