😱👀Experienced crypto analyst Tone Vays: All data points to a major correction
Tone Vays, a former analyst at JPMorgan and one of the well-known names in this industry for his crypto predictions in recent years, stated that all the data show a "very big" correction in Bitcoin. According to Vays, the largest cryptocurrency can go down to the level of 36 thousand dollars.
Veteran crypto analyst Tone Vays made a new assessment on his Youtube channel and mentioned the possibility of Bitcoin having a drastic correction.
“if 44 thousand cannot be exceeded ...”
Expressing that Bitcoin should make daily closures, especially at the level of 44 thousand dollars, Vays said::
“All the signs are that there could be a very, very big correction. I hope this will not happen and we will rise from these levels to heights. Because we have already left behind a harsh bear season. I wouldn't want us to have a correction from this region. I will keep cash in my hand and will not make purchases until Bitcoin rises above the moving average of 44 thousand dollars. if 44 thousand cannot be exceeded, a correction up to 36 thousand dollars may occur. Of course, these levels also vary depending on how fast or slow the decline will occur. I can also see 39 thousand dollars as a good buying opportunity according to the way things are going.”
"The fall before halving will not happen now”
Referring to the award halving, which is expected to take place in April, Vays made the following assessment:
“We are not in the pre-halving decline period at the moment. I do not expect a halving-related decline during these periods. Halving falls usually happen a few weeks before the halving.”
“We will fall to a maximum of 30 thousand, we will not see 20 thousand”
Vays also stated that he does not expect a big price drop in Bitcoin and said, “I think we will go down to the level of 30 thousand dollars at most. we don't see 20 thousand dollars. it really needs to be a disaster for us to get below 30 thousand dollars,”he said.
