In a new plan session, Vays stated he considers BTC will grow to $ 14,000 shortly. The analyst anticipates the top cryptocurrency to return to $ 10,700 towards the close of the calendar year, then grow to an all-time high of $ 20,000 in the first half of 2021.
Bitcoin (BTC) Cycle Will Rock Altcoins
Old J.P. Vays, vice president Morgan Chase, says that the upcoming cycle Bitcoin will shake certain altcoins.
“Bitcoin is still kind of flying under the radar. People still believe in garbage like DeFi and many other scam cryptocurrencies, and new ones appear to be coming out. People still haven’t learned their lessons. So Bitcoin will fly below the radar, we will have a massive 40% drop, shitcoins will drop 60-70%, and then Bitcoin will rise again. Everything will start over. ”
Vays, who previously prepared risk analysis for Bear Stearns, states Bitcoin has played better than he initially expected this season. Vays is revealing an uptrend from the S&P 500 at the long run following the significant market correction in March.
“I feel that the correction has already occurred. I don’t think there’ll be a one to four year mend. I believe this occurred. The year began and we crashed with this red arrow and we are healed. We’re convinced that this will produce a large bullish candlestick of this year. “