Well-known analyst Tone Vays has likened Bitcoin to how it was in 2014, as prices hit multi-month lows of $ 6668.
‘It’s Been A Long Time’
Uploading technical forecasts for BTC/USD on social media Sunday, Tone Vays — who has produced multiple warnings about a bear market for the leading cryptocurrency in previous months — reiterated his “most optimistic” bear target below $ 5000.
Not just price, but relative strength index (RSI), moving average convergence/ divergence (MACD), and Stochastics confirm the trend and “put the (Bitcoin) outlook identical to late (August) 2014,” he said.
What do you think about Tone Vays’ Bitcoin price forecast?
The post Tone Vays: Bitcoin Hitting $ 4975 Is ‘Most Optimistic’ Bear Market Price Outlook appeared first on Bitcoinist.com.
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