NFT Collection The Superlative Secret Society Price, Stats, and Review
Bitcoin Targeting $120,000 While Altcoins Signal Historic Breakout Potential
Driving Innovation: How Oraichain, Pinlink, and RSS3 Empower Web3 Builders
High-speed oracles disrupting $50B finance data industry — Web3 Exec
Why are memecoins down today? BONK, FLOKI, FARTCOIN in focus
Stablecoin Transactions Surpass $6 Trillion in Q1 2025
Unstaked Rolls Out a $1M Giveaway, ETH Targets $4,570 & Tron Eyes $0.45
$265m crypto scam: New Zealand man caught in FBI-led probe
Can Bitcoin Hit $200K in 2025? Ozak AI’s $1 Target Might Offer Bigger ROI
Robert Kiyosaki Sets Bitcoin Price Target at $250,000, Says ‘Keep HODLing’
Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains
NFT sales jump 17% to $130.7m, Newcomer collection boasts 470% sales growth
Ethereum Accumulation Accelerates – Smart Money Snaps Up 450K ETH
Cardano Market Structure Says Crash Is Coming, But $0.9 Is Still In The Cards
Best Cryptos to Stake: Troller Cat’s $125K Presale Surges as XRP Fell Over 4%, Dogecoin and Official Trump Hold Strong
Bitcoin Approaches $109k: Short-Term Holder Sentiment Shifts
Architecting Web3’s Future: Intelligence, Infrastructure, and Information Flow
JPMorgan Chase Customer Loses $387,000 in Bank Scam Sparked by a Single Phone Call: Report
Ethereum’s New Proposal Aims to Boost Transaction Speed and Scaling
Tether tightens grip as stablecoin market cap hits $243b
Bitcoin Mining Just Got Tougher as Difficulty Spikes and Hashrate Slips
Judge Denies Joint Bid From Ripple and the SEC To End Their Longstanding Legal Battle Over XRP
Will PEPE Price Rally As Whale Accumulates 1.79 Trillion Coins?
Qubetics Eyes $10 Price, NEAR Expands AI Tools, and Pi Hints at Binance—Top Crypto Gems to Buy Now
Spot Flows and Institutional Interest Fuel Bitcoin’s Bullish Momentum
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.
