Bitcoin Price Hitting $2.8K ‘Not Scary’ Before May Halving — Tone Vays

Bitcoin (BTC) trading at $2,800 isn’t scary as long as it happens before May’s block reward halving, Tone Vays believes.

In the latest edition of his Trading Bitcoin YouTube series on March 18, the celebrated trader said that as of now, he is eyeing a floor for BTC/USD of $2,000.

Vays: I “always anticipated” $2,800 BTC

In his view, Bitcoin had room to halve in value in the period prior to the halving, scheduled for around May 9.

“It’s scary after the halving; it’s not scary before the halving,” he summarized about a $2,800 level.

“In fact, I always anticipated it before the halving — so it’s getting there, even if it’s a few weeks before the halving, I am perfectly fine with it.”

Last week, Vays called for Bitcoin to return below $5,000 after it briefly rallied following Wednesday’s epic daily losses which at one point totaled 60%.

Continuing, he said that $2,800 levels practically represent the completion of a forecast 80% drop from 2019’s highs of around…