Tony Weiss: Bitcoin will rise to $ 355,000

Tony Weiss, an experienced trader, believes that the flagship crypto asset BTC $56,123.78 Bitcoin -1.32% Market capitalization $1.11 trillion VOL. 24 hours $2.7 billion will exceed market players' expectations during the current bull cycle. Last year, in March, the crypto strategist predicted that BTC would rise to $ 200,000 in 2024.

In the new session, the trader tells his 122,000 YouTube subscribers that with the launch of spot exchange-traded funds (ETFs) earlier this year, BTC could significantly exceed his own target and «witness a longer bull market or a longer rally.»

«What does that mean now that we have an ETF? It means we’re probably going to go higher than I expected. We can make the bull market last longer than I expected. Or the most beautiful combination of all, we could go higher and longer.

Obviously, it will be one of these three options…

Once we break through $ 84,000-$ 85,000, even if we break through it next week, I think it will be very difficult for bitcoin to go below $ 65,000 again. Maybe I’m being too optimistic. I think it will be a little different this time.

I think that bitcoin will surprise people for the better, because all those who were wrong last time about bitcoin going to $ 250,000 or $ 300,000… Well, this time it looks like their predictions were justified," Weiss says.

The trader assumes that the largest cryptocurrency asset by market capitalization will rise above $ 355,000 by April 2027.

Last year in August, when BTC was trading at $ 25,000, Weiss expected the asset’s value to drop to $ 20,000. At the time, the crypto expert was convinced that if bitcoin did drop to $ 25,000, there was a high probability of a long-term decline in the market’s flagship.