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Bitcoin is likely to drop below 5K USD: says analyst Tone Vays

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Bitcoin is likely to drop below 5K USD: says analyst Tone Vays

Former Wall Street trader Tone Vays claims that Bitcoin has already reached its bottom at $ 3800 and is likely to sink below $ 5,000.

 

Cryptocurrency analyst Tone Vays in today’s issue of Trading Bitcoin on Youtube described a week of chaos for Bitcoin and other cryptocurrencies. Vays stressed that the bears had not yet spoken the last word, and the price could still be below $ 5,000.

 

He said that despite a week of nightmares for all traders, Friday’s return after a price drop to 3800 would not be the final bearish chapter. Asked in a discussion in the video, he said:

 

“I still think we will drop below $ 5,000 again? The answer is: yes. The bear market is over, but going back up will be harder than people realize. ”

 

Although worries about the fall to $ 1,000 were much higher, the market eventually came back. Concerns remain mainly from the panic of coronavirus disease.

 

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