RATE Group | Fund Manger Declares Bitcoin Bears Are “Deluded” Based on Key Technical Data
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Fund Manger Declares Bitcoin Bears Are “Deluded” Based on Key Technical Data

14 Jan Fund Manger Declares Bitcoin Bears Are “Deluded” Based on Key Technical Data

Posted at 12:17h in Bitcoin News by

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Even as Bitcoin (BTC) has rallied over the past two weeks, analysts have kept their bearish biases against this market, claiming that it is only a matter of time before the cryptocurrency market sets a new low.

Tone Vays, a former Wall Street trader turned BTC analyst and educator, explained in an interview published near the turn of the year that he expects Bitcoin to retest $5,000s sometime in the next few months.

Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again

But, according to a rather bullish cryptocurrency fund manager, bears are “deluded” and potentially “dishonest.” While this statement was made partially in jest and with lots of creative license, he laid out why there is some credence in the idea that Bitcoin bears may be irrational in presuming prices will return to the downside.

Bitcoin Bull Signals Galore

Adaptive Capital’s Murad Mahmudov, formerly of Goldman Sachs, recently wrote on Twitter that “bears are deluded at best,…

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