Famous cryptocurrency trader predicts bitcoin to rise to $ 55,000 in the near future

Renowned cryptocurrency trader Tony Weiss predicted an imminent rally in bitcoin, predicting that BTC $95,154.22 Bitcoin -1.45% Market capitalization $1.88 trillion VOL. 24 hours $2.33 billion will reach $ 55,000 in the near future. At the time of writing, BTC is trading at $ 30,332, having reached a yearly high of $ 31,400 at the end of the last trading week.

Looking at the chart, the trader is expecting bitcoin to rally to its initial target of $ 34,000. If bitcoin exceeds its initial target, Weiss suggests that BTC could rise to $ 55,000.

«The next candlestick on the chart will be a green star candlestick, and I hope that will lead to a new high. The moving averages are moving into bullish territory, and now the weekly chart is completely bullish based on the Consensio data ,» Weiss wrote.

Back in December last year, Tony Weiss spoke about the possible growth of the bitcoin rate to $ 100,000. At the time, Weiss cited the financial control of governments as one of the reasons for the possible jump in the price, which could result in fiat funds being confiscated or frozen. The trader assumed that if bitcoin fell below $ 10,000, investors would immediately take advantage of it.