RATE Group | Crypto Strategist Tone Vays Says Imminent Bitcoin (BTC) Rally Likely, But Traditional Markets Could Be a Problem
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Crypto Strategist Tone Vays Says Imminent Bitcoin (BTC) Rally Likely, But Traditional Markets Could Be a Problem

19 Apr Crypto Strategist Tone Vays Says Imminent Bitcoin (BTC) Rally Likely, But Traditional Markets Could Be a Problem

Posted at 05:05h in Cryptocurrency News by

Veteran Wall Street trader and crypto analyst Tone Vays has returned to YouTube after his channel was removed last week following a notice that his account had been terminated.

With Bitcoin leading a crypto market rally, Vays says he’s noticing a trend emerging on the weekends.

“Bitcoin is popping like it did last weekend as well. For some reason I’ve been noticing that Bitcoin does very, very well over the weekend, at least the last couple of weeks. This is certainly recency-correlation bias. I remember it doing really well last weekend, and therefore I am watching it doing really well early this weekend… Nothing for me changes on a weekly scale.”

At time of writing, BTC is trading at $7,243, up 1.79%. Vays says Bitcoin appears ready to rise to $7,900 in the short term, but he’s concerned an imminent stock market pullback will kill its momentum and drag the leading cryptocurrency down.

“The RSI looks very good for the bulls and the…

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