Trader Tone Vays Predicts New 2022 Low for Bitcoin, Says Pullback Creates ‘Complete Disaster’ for BTC Price

Trader Tone Vays Predicts New 2022 Low for Bitcoin, Says Pullback Creates ‘Complete Disaster’ for BTC Price


Seasoned trader Tone Vays says he’s looking at a fresh bear cycle low for Bitcoin (BTC) after it failed to sustain bullish momentum.

In a new strategy session, Vays says Bitcoin is now at risk of losing over 33% of its value from its current price after BTC went below the key breakout level of $21,500.

“If we get back into this channel, it creates a complete disaster for the price of Bitcoin. So I don’t want to see us enter this channel.

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We can trade down with the 50-period moving average on the daily scale another day or two but that’s probably it. And after that, would need to rally back to the 128-day moving average, and at that point, it really needs to

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