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.
“It has been a long time since I’ve posted a $BTCUSD chart like this,” he wrote in an accompanying commentary, continuing:
…My most optimistic Bearish (Bitcoin) target remains at $4,975 first half of July. I will update my % expectation on future targets once it’s hit.
It has been a long time since I’ve posted a $BTCUSD chart like this. Kind of miss it but it’s really time consuming. My most optimistic Bearish #Bitcoin target remains at $4,975 first half of July. I will update my % expectation on future targets once it’s hit. pic.twitter.com/UUhbFgzoSe
— Tone Vays [@Bitcoin] (@ToneVays) June 10, 2018
A Torch For 2014
Traders appeared surprised at the extent of Bitcoin’s sudden fall over the weekend, while other cryptocurrency industry figures claimed news that …
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