RATE Group | Crypto Trader Tone Vays Predicts Fresh Bitcoin Breakdown Incoming, Says He’ll Sell His A…
82880
post-template-default,single,single-post,postid-82880,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Crypto Trader Tone Vays Predicts Fresh Bitcoin Breakdown Incoming, Says He’ll Sell His A…

14 Mar Crypto Trader Tone Vays Predicts Fresh Bitcoin Breakdown Incoming, Says He’ll Sell His A…

Posted at 09:04h in Cryptocurrency News by

[ad_1]

Veteran Wall Street trader and cryptocurrency analyst Tone Vays, a long-term Bitcoin bull, is weighing in on the leading cryptocurrency’s perilous price action. Vays has issued warnings for months that Bitcoin would undergo a major pullback before gearing up for its next long-term bull run.

The former Bear Stearns risk analyst said back in November of last year that Bitcoin would likely break below $7,000 before May of 2020.

In his latest video on the state of the markets, Vays now cautions crypto traders that Bitcoin could sink even lower, despite its recent plunge.

“You know how I always say the pain has to be felt before the bear market ends? I’m not sure if enough pain was felt. It’s close though.”

Vays is predicating Bitcoin’s next moves on the stock market.

“The daily chart is only on a red 6. Now, in order for us to get a red 9, we would need the price of Bitcoin to fall in three days from now to fall below $4,800. I honestly…

[ad_2]

Source link

Tags:
, , , , , , , , , ,