According to the cryptocurrency strategist, many investors have already “bought off the bottom of bitcoin”, so the first cryptocurrency is preparing for continued growth. True, for this you need to overcome the resistance at the level of $ 30,000. But if the “bulls” manage to do this, then BTC will update its price highs, Weiss is sure.

“It’s really time for Bitcoin to rise. Although, if you look at the weekly chart, the bulls lack strength. But, you know, I love strong assets, new records and breakouts. There is still time to overcome resistance. We need to exceed $30,000, reverse the Lucid SAR indicator, and then we will rise to $34,000, where another resistance awaits. I think this will happen,” the cryptocurrency analyst said in his video.

The Lucid SAR indicator is a variation of the Parabolic SAR indicator. This is a directional trend indicator. It combines price and time to calculate the trend and determine entry and exit points.

Recently, Ton Weiss said that the probability of a rise in Bitcoin is much higher than the chance of a fall. At the same time, the first cryptocurrency rebounded from the $26,000 level and now BTC is trading near $28,000.