Bitcoin

<p style="text-align: justify"><a href="https://en.coin-turk.com/ledgers-co-founder-eric-larcheveque-responds-to-backlash-over-ledger-recover-update/" data-wpel-link="internal">Crypto</a> analyst and trader Tone Vays suggests that <a href="https://en.coin-turk.com/new-2-recommendations-for-bitcoin-from-a-market-guru-he-reveals-the-profitable-one/" data-wpel-link="internal">Bitcoin</a>, the largest crypto by market value, is showing signs of being primed for an upward explosion.</p> 
<h2 style="text-align: justify" id="anticipated-bitcoin-rallies-of-34-000-and-55-000">Anticipated Bitcoin Rallies of $34,000 and $55,000</h2> 
<p style="text-align: justify">He expresses doubt about a crash occurring in the next 12 hours, stating “the next candle will be a green star candle, and hopefully, it will put us in a new high swing. The last green star candle took all the thunder. Now, most of the thunder will occur in the reversal candle, which is officially not a tradable candle, but the moving averages are moving into the uptrend area and the weekly chart is now fully in uptrend mode according to Consensio.”</p> 
<p><a href="https://en.coin-turk.com/?attachment_id=86182" rel="attachment wp-att-86182" data-wpel-link="internal"><img decoding="async" loading="lazy" class=" wp-image-86182 aligncenter" src="https://en.coin-turk.com/wp-content/uploads/2023/06/Bitcoin-Grafigi.webp" alt="" width="896" height="402" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/Bitcoin-Grafigi.webp 1202w, https://en.coin-turk.com/wp-content/uploads/2023/06/Bitcoin-Grafigi-300x135.webp 300w, https://en.coin-turk.com/wp-content/uploads/2023/06/Bitcoin-Grafigi-768x344.webp 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/Bitcoin-Grafigi-1200x538.webp 1200w" sizes="(max-width: 896px) 100vw, 896px"></a></p> 
<p style="text-align: justify">The Consensio trading system that Vays refers to uses three different moving averages to determine an asset’s momentum and to set the position size.</p> 
<p style="text-align: justify">Looking at the price chart shared by the analyst, it appears he’s forecasting an approximate rally of $34,000 towards his first target. Should Bitcoin surpass this initial goal, Vays believes BTC could climb as high as $55,000.</p> 
<h2 style="text-align: justify" id="potential-sp-500-danger-for-bitcoin">Potential S&amp;P 500 Danger for Bitcoin</h2> 
<p style="text-align: justify">Although Vays is on the side expecting a rise in BTC, he suggests that the largest crypto’s daily price chart indicates it’s within an accumulation period, stating:</p> 
<blockquote> 
 <p style="text-align: justify">“The daily chart is on an MRI (momentum reversal indicator) top, so the last 24 hours were a good time to take your profit. A brand new candle has been lit. I expect a one to four candle correction, but this correction could definitely be an accumulation correction, and I am definitely expecting accumulation. I think we will hold above $30,000 here, but watch out for the S&amp;P 500. The daily S&amp;P 500 chart could drop by as much as 5%, possibly 3%, down to the 4,275 area. So it could drop for most of this week, which could pull Bitcoin down a bit.”</p> 
</blockquote> 
<p>The post <a rel="nofollow" href="https://en.coin-turk.com/tone-vays-foresees-bitcoin-rallies-up-to-55000/" data-wpel-link="internal">Tone Vays Foresees Bitcoin Rallies up to $55,000</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Tone Vays Foresees Bitcoin Rallies up to $55,000

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