170: Bitcoin Price ‘Likely’ Bottomed in $3.7K BitMEX Crash Says Tone Vays | BTC Reclaims $6.3K

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - March 30, 2020 13:50 - 14 minutes - 6.83 MB - ★★★★ - 537 ratings
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Previous Episode: 169: KRAKEN REPORT: Most Traders Expect New All-Time High Bitcoin Price in 2020 | BTC Drops to $6.1K

Next Episode: 171: Bitcoin Forming a Bull Cross; Now Targeting $7,700 | BTC Starts Strongest Quarter Q2

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The Bitcoin price likely reached its low when it hit $3,700 earlier this month, veteran trader Tone Vays has forecast as markets remain up 70%.

In the latest episode of his Trading Bitcoin YouTube series on March 29, Vays repeated his previous claim that, logically, the BTC price should bottom at 20% of its 2019 highs — $2,800. Vays on $2.8K:

“I don’t think it’s likely anymore”

This could occur before May’s block reward halving and not endanger Bitcoin’s long-term perspective, he said, but a dive after that event could have grave consequences.