Popular cryptocurrency analyst Tone Vays announced that he expects a serious correction in Bitcoin (BTC).
Tone Vays touched on the current situation of Bitcoin in a YouTube video he recently shared. Stating that he expects a major correction in the price, the analyst said that to prevent this from happening, He expects a daily close above $44,000. he emphasized.
Stating that he has already converted to cash and will wait on the sidelines until he sees a healthy formation, Tone Vays pointed out 30 thousand dollars as the support level in the worst-case scenario.
on the other hand 36 thousand And 39 thousand dollars While stating that the levels will be more reasonable and realistic prices for purchasing A disaster must occur for 30 thousand dollars to arrive He said that this will not happen easily:
All signs point to a much, much bigger correction coming. I hope this doesn’t happen. Hopefully we can go up from here. I don’t want to see us have a correction. We have just left a major bear market behind. However, I will continue to sit on the sidelines with cash until Bitcoin breaks above these moving averages. I need to see $44,000. A daily close of $44,000 or above would mean a positive signal for me.
According to CoinGecko data, in the last 24 hours 0.8% Bitcoin losing value at the time of writing from $42,545 is being traded.