The crypto market has been experiencing the Bitcoin crypto crash at the peak of May June 2022. The crypto investors had a major crash in Bitcoin price from US$68k in November 2021 to US$17k in July 2022. Though BTC is carrying a bearish crypto flag and fluctuating between US$23k to US$20k, Tone Vays, a major crypto analyst and trader, has pointed out that Bitcoin price will hit US$14k if BTC fails to sustain a crucial level in the crypto market in 2022. Let's dig deep into what Tone Vays has to claim about the future Bitcoin price, either to drive profit or incur a loss in the crypto wallets.
It has created a storm in the crypto market after the famous crypto trader, Tone Vays, predicted the new low for the Bitcoin price. It is known that Bitcoin is carrying a bearish flag in the crypto market. But Tone Vays can predict a bear cycle low for BTC post-failure to sustain bullish momentum. The failure in maintaining the crucial levels can lead to the Bitcoin price hitting lower beyond US$17k like the US$14k price zone. That can be the new bottom of the most popular cryptocurrency in the crypto market in 2022. The pullback can create a complete disaster for this cryptocurrency price.
At the time of writing, the current Bitcoin price is US$21,313.31 with a market cap of US$406.90 billion and a volume of US$26.28 billion. Crypto investors can trade with BTC tokens through the 50-day period moving average on the daily scale but it is essential for the Bitcoin price to shift to a 128-day period moving average. If it fails to maintain this momentum in the crypto market, BTC investors should be ready for the US$14k price range efficiently.
The popular crypto trader is already disappointed that the most popular cryptocurrency is closed below the 200-week moving average. It is essential for BTC investors to understand the importance of Bitcoin to stay above the US$20k zone. Though the prediction of Tone Vays has failed in 2018 about Bitcoin price hitting US$1k, still he is one of the major crypto traders and has been featured in multiple documentaries such as Magic Money and Bitcoin- Beyond the Bubble with multiple media appearances.
Thus, it is only time and volatility that will provide BTC investors with the change in the Bitcoin price — whether it will hit US$30k or US$14k in the nearby future.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.