Veteran Crypto Trader Tone Vays Issues Bitcoin Alert

It’s been just revealed that the verteran crypto trader Tone Vays issued a Bitcoin alert. Check out the latest reports about this below.

According to the latest reports in the crypto space, Tone Vays says Bitcoin (BTC) is now struggling to sustain its rally after seeing a significant increase in value over the past months.

In a new video, Vays said that BTC is facing heavy resistance as it approaches the $25,000 price level.

While he believes that BTC will eventually breach the supply area, for now. He believed that BTC is likely due for a breather.

“The weekly chart is exactly where we’re expecting it to be, slowing down and struggling to break $25,000. We are back under $24,000. I am expecting a bit of a pullback over the next few weeks. We could hit that $25,000 mark. I would be surprised if we break right through it and go higher, so I am looking for either consolidation or a bit of a pullback.”

Vays also made sure to say the fact that the king crypto’s impressive gains happened within a very short period of time.

“From a low of $16,272 in November, Bitcoin rallied to as high as $24,229 earlier this month – a nearly 50% rise in a few months,” the Daily Hodl online publication notes. Here’s what Vays said:

“This thing went up way too far, way too fast.”

It’s been just revealed that a popular crypto analyst followed crypto strategist is bullish on Bitcoin (BTC), saying that the king crypto could be gearing up to do the unthinkable.

In a new video, analyst Kevin Svenson said recently that Bitcoin could hit $30,000 much sooner than people expect.

According to the crypto trader, momentum is on the side of BTC bulls following the breakout from a large falling wedge formation. It’s important to note the fact that this is a major shift in trend.