Bitcoin Low Is Probably In; BTC Expects To Hit $70k

There are all kinds of optimistic predictions about Bitcoin these days, even though the king coin suffered a correction in price.

At the moment of writing this article, BTC is trading in the red and it’s priced at $59,166.

As we said, the optimistic predictions about BTC continue and the latest one has been made by popular trader Tone Vays.

Vays said that BTC has already hit its low and is primed to surge towards higher prices.

As you probably know by now, BTC went from trading at nearly $66,000 on Monday to below $59,000 at one point on Tuesday.

On the other hand, it’s important to note the fact that BTC has since regained a little bit of that ground.

Despite the dip, Vays said that he would not panic about this correction.

“I am leaning towards the fact that the low was in and we are going to breach $70,000 over the next few weeks.”

He also said that he believes that BTC is just enduring “a little bit of consolidation” and is “still on pace” to $100,000 in the first quarter of 2022.

There are more optimistic predictions about the price of the king coin these days and most of them are saying that there’s a possibility that BTC finishes the year 2021 at $100k.

The other day, we were revealing that crypto analyst Nicholas Merten believes the current Bitcoin and crypto market correction is not over yet.

During a new episode of DataDash, Merten just said that he expects the overall crypto market cap value to continue moving to the downside.

“Where do I think we’re heading? I think we’re generally going to head towards the $2.4 trillion range [in total crypto market cap]. A full, nice, clean, 20% correction in market valuation.”

Merten said that this correction period could act as the framework for crypto’s next “super wave” rally that will be taking the whole crypto market significantly higher.