Experienced cryptocurrency analyst Tone Bayes talked about the possibility of Bitcoin making a sharp correction on her YouTube channel.
“If 44 thousand cannot be exceeded…”
Vays explained that Bitcoin should close specifically at the $44,000 level.
“All signs point to a very significant correction being possible. I hope this doesn’t happen and we can move up from this level because the tough bear season is already over. I do not want a correction in this area. I will hold cash and not buy until Bitcoin rises above the $44,000 moving average. If the amount does not exceed $44,000, there may be a correction of up to $36,000. Of course, these values will vary depending on how fast or slow the decline occurs. “Depending on trends, I think $39,000 is also a good buying opportunity.”
“Not before the halving”
Referring to the reward halving expected in April, Vays made the following assessment:
“We are not currently in a pre-halving decline phase and do not expect any halving-related decline during this period. Drops usually occur a few weeks before the halving
“We see 30 thousand at most, we do not see 20 thousand”
Vays also stated that he does not expect a serious decrease in the price of Bitcoin and said, “I think it will drop to the level of $ 30,000 at most.” He said that he does not think it will see $ 20,000. “There needs to be a disaster for it to fall below $30,000,” he says.
