NFT Collection The Superlative Secret Society Price, Stats, and Review
Elon Musk’s X taps Polymarket as official prediction market partner
‘MicroStrategy of Asia’ Metaplanet Aims To Acquire Over 210,000 BTC By the End of 2027
Pepe (PEPE) vs. Bonk (BONK) Amid Market Volatility: Which High-Risk Meme Coin Offers a More Rewarding Swing Trade Before the Coming Rebound?
Dogecoin Ready To Blast Off? Historical Bullish Trend Sparks Hopes Of A Parabolic Surge
Polymarket Partners with X and xAI to Launch ‘News 2.0’ Through Blockchain-Powered Prediction Markets
Know Labs, Inc. Announces Adopting a Bitcoin Treasury Strategy, Starting with 1,000 Bitcoin
Pepe (PEPE), Bonk (BONK), and Floki (FLOKI) Drive Memecoin Surge: Price Analysis
U.S. House Set to Scrutinize Key Crypto Bill, the CLARITY Act
How Bitcoin can still bounce back, $1B in crypto liquidations later
Solana Bulls Drive Price Higher, Ethereum Builds Momentum, Cold Wallet Sets the Standard for Privacy & Returns!
Kazakhstan Launches Crypto-to-Fiat Card Pilot With Five Major Banks
Here’s Why Shiba Inu Could Pump Like Crazy Next Week, Analyst Says It All Depends On This Key Level
Cardano Price Crash Triggers On-Chain Buy Signal, What’s Next?
Bored Apes Creator Yuga Labs Moves to Sunset Apecoin DAO, Launch Apeco
Bitcoin Could Break The Dollar — $250K Prediction Still In Play, Billionaire Says
XRP Price To $27? Top Analyst Unveils Key Technical Setup
Miningcoop Ranks Among Best Free Bitcoin Cloud Mining Platforms for Earning Up To $4,400 Daily Passive Income in 2025
Bitcoin rebounds to $105K, but is a 'bull trap' underway?
From $250M to $1B: Strategy Is Going All-in on Bitcoin Amid Bear-Bull Strife
Top 6 Telegram trading bots of June 2025
Ex-Ripple exec’s company to adopt Bitcoin treasury strategy
Market forecast for June: Pi, XRP, SOL poised for growth, cloud mining heats up
How to earn passive income with peer-to-peer lending
Trader Tone Vays Predicts New 2022 Low for Bitcoin, Says Pullback Creates ‘Complete Disaster’ for BTC Price
Seasoned trader Tone Vays says he’s looking at a fresh bear cycle low for Bitcoin (BTC) after it failed to sustain bullish momentum.
In a new strategy session, Vays says Bitcoin is now at risk of losing over 33% of its value from its current price after BTC went below the key breakout level of $21,500.
“If we get back into this channel, it creates a complete disaster for the price of Bitcoin. So I don’t want to see us enter this channel.
We can trade down with the 50-period moving average on the daily scale another day or two but that’s probably it. And after that, would need to rally back to the 128-day moving average, and at that point, it really needs to go back up. Otherwise, I’m going to put these low targets of $14,000 back on the table.”
Source: Tone Vays/YouTubeAt time of writing, BTC is changing hands for $21,104, down over 6% in the last 24 hours.
Looking at the weekly chart, Vays says he’s disappointed that Bitcoin closed below the 200-week moving average, an indicator that many traders view as a possible trend reversal area for BTC.
The trader also highlights the importance of Bitcoin staying above the $20,000 price level.
“The weekly chart is still pretty fragile. If we start trending back towards $20,000, all kinds of low-end targets are going to be back on the table. I still believe there’s a 60% chance the bottom is in. All of that goes away if we close below the $20,000 area.”
I
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Danilo Sanino/Sensvector
The post Trader Tone Vays Predicts New 2022 Low for Bitcoin, Says Pullback Creates ‘Complete Disaster’ for BTC Price appeared first on The Daily Hodl.
