853: VETERAN TRADER UNVEILS ‘REALISTIC’ BEARISH BITCOIN PRICE TARGET, WARNS CRYPTO COULD BE IN TROUBLE!!

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Bitcoin News Alerts

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3.6 • 626 Ratings

🗓️ 22 February 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Seasoned cryptocurrency trader Tone Vays warns Bitcoin (BTC) traders that the king crypto is at risk of igniting another sell-off event. “We are below all the moving averages… The [200-day] moving average is about to start declining. That is not a good sign… This is a bad-looking daily chart. If this candle closes below $38,500, it is pretty bad… This arrow [pointing to $25,000] is somewhat realistic… There is a possibility of a snapback to the [50-day] moving average… We may be double bottoming again with $36,500 and then from there, this disaster can occur.” Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:22.3	F1 the movie, only in cinemas, June 25th. In today's show, Bitcoin dips with 36,400, as Ukraine
0:31.4	move sends Russian ruble to six-year lows versus the US dollar. In today's show, I'll be breaking
0:36.6	on the latest technical
0:37.5	analysis, and as shared here by Holger, looks like Bitcoin will not be a safe haven in geopolitical
0:42.3	crises. Digital gold has plummeted to below 37,000, while gold has risen above 1,900 per ounce.
0:48.6	Correlation between digital and analog gold is now even negative. Narrative that digital gold
0:53.0	is better way to escape has not panned out
0:55.1	in Ukraine and crypto analysts McAlvin they pop shares. It's actually great to see that gold is doing
1:00.1	really well in these times of heavy uncertainties, crawling upwards while risks on assets like
1:04.7	stocks and Bitcoin are having a hard time. And as Matthew Highland shares here, 39,600 is now
1:10.7	the new key resistance. The Bitcoin Bulls must get back above. And as Matthew Highland shares here, 39,600 is now the new key resistance. The Bitcoin
1:12.4	Bulls must get back above. And as plan B created, the Bitcoin stock to flow model updates us here,
1:17.5	Bitcoin 200 week moving average, still increasing, ignore volatility, focus on the trend.
1:23.2	And quoting Endera Kempas to Mexican Senator, we need Bitcoin to be illegal tender in Mexico,
1:27.5	because if it is not so, if we do not make that decision, as El Salvador did, it is very difficult
1:32.3	to take action. And this just in breaking news, Russian lawmaker says Bitcoin legalization
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