Tone Vays Claims Bitcoin Didn’t Drop Since the $BTC Price Bottomed Close To $3,150 USD
Bitcoin (BTC) has experienced a very positive 2019. Since the digital currency bottomed close to $3,150 in December 2018, it has recovered almost 100% of its price after reaching $6,275 a few hours ago. However, there are some experts that believe that the cryptocurrency could eventually fall and experience a correction in the near future.
Tone Vays Says Bitcoin Didn’t Experience A Pullback Since Its Bottom
Tone Vays, a recognized cryptocurrency analyst and chartist, explained that Bitcoin is experiencing a very bullish price performance in the last months. The digital currency was able to surpass $6,200 and is now getting closer to $6,300 the highest price for the digital asset since November 2018.
At the same time, there were some bearish things that happened in the market and that didn’t affect Bitcoin’s price at all. Some of these things include Binance’s hack experienced earlier this week, and the Tether (USDT) controversy with Bitfinex and its funds.
Vays said that if Bitcoin was able to stay above $5,800 for two to three days, the digital currency would experience another leg of price surge during the next weeks. Vays has also explained that as Bitcoin didn’t experience any pullback in the $5,000 region, there are more probabilities for the digital asset to experience this pullback now that it is over $6,000.
At the time of writing this article, Bitcoin is being traded close to $6,300 and it has a market capitalization of $111 billion. The digital asset could keep growing and reach new highs in 2019.
Trading #Bitcoin, over $6,000 now. My view has NOT changed. Is it possible that the bottom is in –> Absolutely. Am I still concerned of the Bear Market –> YES, but if you are gonna complain about my Opinion, happy to block you so you don't see it:https://t.co/ImKokDan00
— Tone Vays [Bali – Financial Summit] (@ToneVays) May 9, 2019
The cryptocurrency analyst and trader Alex Krüger have recently made a poll on Twitter in which he asked whether Bitcoin will be traded above $10,000 in 2019. 57% of the respondents said “Yes” and 29% answered “Not.”
Will $BTC trade 10,000 in 2019?
— Alex Krüger (@krugermacro) May 10, 2019