Wall Street veteran and crypto strategist Tone Vays believes that Bitcoin is likely on the verge of a breakout as BTC flashes bullish signals on multiple timeframes.
Vays says BTC is poised to breach resistance at $12,000 and mark a historic milestone on the weekly chart.
“If you get a new weekly high close right around $12,000, this is a very bullish sign. That means we have the highest close in three years… That would be the highest close since January 8, 2018…
It also means that on a weekly scale, there have only been one, two, three, four, five, six weeks that would have closed higher in the history of Bitcoin. That is incredible. This is absolutely incredible.”
Vays also highlights that based on the daily timeframe, Bitcoin looks ready to move higher.
“[I] just glanced the daily chart. The last time I did this video was like three or four days ago. I put in this little channel. This was my breakout line at $11,550. We broke that this morning. Got another green star. Everything is lining up right now: the weekly, the daily… I’m loving this, man. I think we’re ready for that breakout.”
