Experienced investor Tone Vaysthe leading crypto asset bitcoin He thinks that a new collapse is imminent for him. Moreover, according to Vays, this collapse could take BTC to 2022 lows. Here are the details.
In a recent strategy session, Vays told his 121,000 YouTube subscribers that his outlook was bleak as Bitcoin was “desperately” trying to hold on to the $19,000 level.
“The weekly chart has created a disastrous candlestick once again. This is a red star candle. BTC will close near bottoms unless there is a monster rally, but there is a weekend break so I am not sure of that possibility… At the moment, there is a bearish bias… The four-day chart also shows a bearish outlook. For this reason [%100] we’re in cash.”
Looking at the daily chart, Vays said that Bitcoin is on the verge of breaking the $19,000 support and this could spark another selling event.
“The daily chart is an MRI [momentum tersine çevirme göstergesi] getting ready to buy. This is good news. What is bad news? The bad news is that we are about to break very critical support and this could bring the Bitcoin price down significantly, so we will follow this development. Hopefully there will be a nice turnaround early next week with an MRI acquisition similar to what happened two weeks ago.”
Looking at Vays’ chart, a break of the critical support of Bitcoin could take BTC to a price level around $14,500.
Koinfinans.com As we reported, at the time of writing, BTC is trading at $ 19,104. A move to Vays’ target represents around 25% downside potential for the top crypto asset by market cap.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.