Well-known trader Tone Vays shared his thoughts on what's going on on ForkLog livewith the bitcoin rate andgave a forecast for further price dynamics.
Weiss believes that today's performance is the lowest bitcoin price in 2020, and in the near future the market will begin to reverse:
"We'll have to wait a little longer, we can go back to $10,000 in a day."
The fall of bitcoin below the level of $ 1000, the trader called it unlikely:
"There's an 85% chance we won't go below $3,850, but if we do, I don't think we'll go below $2,750 — for me, that's the lowest price I expect."
At the same time, he did not rule out that after the halving the price of bitcoin will be below the level of $5000?Which, however, will not be "such a problem".
The situation in the cryptocurrency market, Ton Weiss connects with the general economic downturn on the American stock exchanges:
"When U.S. exchanges started to fall, I expected bitcoin to start falling.Everyone thinks the price is going down because people are comingThis is what a bear market looks like.I think now all exchanges will work around the clock so that liquidations do not kill the market and do not lower the price."
Weiss previously spoke about his trading strategy during the collapse of bitcoin.
See also: Detailed live broadcast about all market movements with expert comments.
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