RATE Group | Bitcoin Price Breaks Vital Support, ‘Time to Pray’ Says Tone Vays
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Bitcoin Price Breaks Vital Support, ‘Time to Pray’ Says Tone Vays

12 Dec Bitcoin Price Breaks Vital Support, ‘Time to Pray’ Says Tone Vays

Posted at 15:24h in Bitcoin News by

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According to a recent statement by veteran trader Tone Vays, Bitcoin price is breaking one of its major supports, indicating that bad things are coming.

Bitcoin price failed to impress in the second half of 2019, despite hopes that a late Q4 rally akin to 2017 might kick off. The summer, fall, and even the beginning of winter ended up being marked by uncertainty and a struggle to stay above key support levels.

Now, according to Tone Vays — a former wall street trader and VP of JP Morgan Chase — the upcoming period will not improve the situation. He believes that Bitcoin is working on breaking its crucial support. Saying that this is not good for the price would be an understatement, and Tone Vays proclaimed that it is ‘time to pray.’

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