Former Wall Street analyst Tone Vays expects a long-term rise in Bitcoin (BTC). Vays had previously warned the crypto community that there might be a big retreat before the next long-term bull run in months in Bitcoin begins.
For those that “Bought the Dip” under $ 4k lock it down as #HODL. For those that missed it, I am comfortable buying it here, but also setting $ BTC Limit orders at $ 4,550, $ 3,550 & my ALL IN is at $ 2,750-2,950!
Can’t see the #Bitco going lower for those waiting on sub $ 2k– Tone Vays – TheFinancialSummit.com (@ToneVays) March 13, 2020
Broadcasting live on bloxlive.tv to evaluate the latest situation of the markets, Vays warned crypto investors that Bitcoin could fall. On the next move of Bitcoin (BTC), Vays said:
The daily chart is only in red 6. Now, to reach the red 9, the price of Bitcoin needs to drop below $ 4,800 in three days from now. To be honest, I think this is a chance to happen, but for this to happen, the decline in the stock markets must continue.
I think we are now coming to a point where Bitcoin has found its balance… But I still think Bitcoin will once again fall below $ 5,000. I do not think that he suffered enough, suffered enough frustration…
I don’t believe it will fall under $ 1,000. If Bitcoin drops to $ 1,000, I would panic. I do not expect this, but if Bitcoin drops below $ 3,000 (2,950 – 2,750), I will sell everything and buy BTC here.
Vays said, “I think we will once again fall below $ 5,000 once again,” said one of his followers. It may be today, it may be tomorrow, it may be next week. And you know, it could happen even after splitting. ”