While the Bitcoin price is still below $ 70,000, the predictions of two well-known names about the markets attract attention. Names like Tone Vays and Bill Miller focus on big changes in the future rather than short-term movements of the market.
Tone Vays' Cryptocurrency Predictions
Analyst Tone Vays predicts that Bitcoin will remain in the consolidation process for another 1-2 months before experiencing a major breakout. Stating that there is still time for BTC to reach $ 102,000, Vays states that the consolidation process continues on Bitcoin's monthly charts and that this process may continue for a few more weeks.
Vays emphasizes that the monthly chart is in an MRI sell-off and that a third setup is likely following the second consecutive weekly MRI top.
Bill Miller's Crypto Comments
Analyst Bill Miller is optimistic about Bitcoin despite short-term fluctuations. Miller expects significant value growth in the long term, focusing on Bitcoin's strengths such as limited supply and ownership. According to him, Bitcoin is still trading undervalued compared to fiat currencies.
Miller thinks that the change in financial markets is a sign of a philosophical break on a global scale and suggests that this process may lead to a secular change in the understanding of capital and governance.
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