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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.
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