Seasoned trader Tone Vays says he’s expecting Bitcoin (BTC) traders and investors alike to succumb to panic and sell their BTC stacks in the coming days.
In a new strategy session, Vays tells his 121,000 YouTube subscribers that both the monthly and weekly charts look nasty as Bitcoin struggles to stay above the key psychological level of $30,000.
The veteran trader says that Bitcoin investors should brace themselves for a possible strong sell-off event in the next seven days.
“It is very likely that next week we’ll have our capitulation. If we go to the low $30,000 range… That could be a nice buying opportunity. But that buying opportunity is still more likely to just get back to $37,000 and then make another new low