In his new video, Tone Vays said that a 30% rise in BTC is more likely than a fall to $22,000.
One of the factors in favor of the growth, the analyst cited halving – less than a year left before the next half of the award to bitcoin miners.
“I’m getting more and more confident in areas of support because halving is coming.
The likelihood of an upward spike when bitcoin goes to $34,000 is much higher than an accidental collapse down to $22,000.
Bitcoin needs to grow by $7,000 to reach $34,000. And I think that’s much more likely than a $5,000 collapse,” Ton Weiss said.
At the same time, the analyst admitted that there is still a possibility of a 10% or even 20% drop in bitcoin, but overall he is bullish.
In March, Weiss said he wouldn’t want a repeat of the parabolic rise in bitcoin similar to 2019, when BTC gained 200% in four months.