Analyst, Waiting for a Collapse in Bitcoin, Switched to Bull Mode! Here’s Why!

in Bitcoin (BTC) The high volatility experienced causes a question mark in the minds about which direction BTC will move.

Investors are wondering in which direction the movement in Bitcoin, which has been in an upward trend in recent days, will be.

Senior analyst predicting bear market Tone Vaysthat he reversed his view on Bitcoin in his Youtube session yesterday and BTCHe said he no longer predicts an imminent collapse in .

Stating that he expected a collapse before rising in BTC earlier this month, Tone Vays abandoned this view and said. bitcoin and crypto- He said the market is now in an uptrend.

Stating that Bitcoin continues to form a descending triangle pattern, Vays said that the current BTC compared the descending triangle pattern in 2018 with the graph.

“The descending triangle in Bitcoin is still a concern. On a weekly scale, we have a green candle at MRI.

I see there is a conflict here. While the triangle is in a downtrend, the MRI is in an uptrend.

And as I’ve said many times, I don’t think this triangle is as dangerous as it was in 2018. That’s why I’m starting to move in a slightly more bullish direction in BTC.”

bitcoin And commenting on the general crypto market, the analyst said that he has a bullish feeling about BTC and the market:

“My bullish feeling for Bitcoin and the crypto market is based on Bitcoin closing monthly above the key psychological area of ​​$20,000.

Here we need to look at the moving averages. These averages are rising and as the BTC price is above these moving averages, a 20% rise can be expected.

It is also very important that Bitcoin makes a few more closes above $ 20,000. If BTC closes above $20,000, we have very good signs that the market is changing direction.”

Drawn by Tone Vays, who turned his outlook on Bitcoin to the bullish direction bitcoin Looking at its chart, it seems that Vays expects BTC to move towards $30,000.