Bitcoin Bull Run May Last 3 Years With $45,000 High: Tone Vays

The latest Bitcoin news today feature the regular market analyst and crypto contributor filbfilb along with the veteran trader Tone Vays, both of whom have joined forces and spoke on Vays’ YouTube trading channel. During their discussion, each trader talked about the long and short term version of the Bitcoin price now. The analysts summed up that the Bitcoin bull run may last 3 years and find its top at $45,000.

According to Vays and his analysis, the Bitcoin price action on the weekly time frame remains strongly bullish as the most dominant coin broke through multiple levels of resistance and is right now on the TD Sequential indicator which is favored by the analyst.

Therefore, Vays thinks that the Bitcoin bull run may last for 3 years and top an all-time high. The recent notch of a nine on the TD Sequential indicator and the slowing momentum in Bitcoin’s price hint that a one to four candle correction could occur before the cryptocurrency moves higher prior to its halving event.

Vays also believes that at the moment, Bitcoin is in a no-trade zone on the daily timeframe and it is short-term bearish. From his point of view, opening a long position on a breakout above $10,400, $10,450 and similar levels would be a safer trader.

Alternatively, if the price pulls back to $10,000, acquisitions for long positions in the $9,500 range would be ideal. The analyst filbfilb, on the other hand, commented in the cryptonews by stating that Bitcoin recently exited its reaccummulation phase when it blew through the $9,000 resistance. This is why he expects that the cryptocurrency will eventually burn through the $9,500 and $11,000 zone but there might be some pushback in the lng term.

Vays later on asked filbfilb to say whether a Bitcoin bull run may last long and a new all-time high could come. Filbfilb said:

“I think we’re going to struggle to get past $60K. I think that $60K will be a really really troublesome level to get across. I’ll certainly be looking to book some serious profits at that point. Trying to go above $50K to $60K at this point would be a little bit foolish.”