Tone Vays
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Tone Vays, Popular Crypto Trader Predicts Bitcoin Recovery Plans After Dips

Popular crypto trader Tone Vays considers the position of Bitcoin after dipping to below $42,000 within minutes.

Furthermore, Tone Vays notes that if stock markets can have a rally in the early stages of the week, the Bitcoin may have a chance to hit $53,0000 again.

More so, Tone Vays highlights that Bitcoin has a V-shape reversal back into a bullish trend. Also, he notes that there’s a strong buying demand as when Bitcoin hits $42,000 from $47,000

So, Tone Vays explains.
“I do think this is going to be like a V-shaped reversal…”
“You’re not going to get another chance to buy this dip. If you happened to go to the bathroom…”
“during this crash from $43,000 to $41,000, you kind of missed it…”
“On an hourly scale, you only got less than an hour between $47,000 and $41,500…”
“You did get another chance to buy at $47,000, but you didn’t get a chance to buy sub-$45,000.”

Additionally, Tone Vays explains what’s in expectations after the dip last weekend. Then, He points out that Bitcoin is in a position of hitting new all time highs this year.
So, as per Tone, Bitcoin’s daily candle on December 4th is showing a spring-like catalyst for a new uptrend.

Then, Tone Vays adds.
“Because of the way this candle manifested itself,..”
“there is now a higher probability that of a new all-time high this year, than there was yesterday…”
“when the candle was higher because on yesterday’s candle, it still had the high chances…”
“of being a slow drag down decline followed by consolidation…”
“But the V-Shaped move actually creates additional upwards pressure of FOMO [fear of missing out].”

Currently, Bitcoin is trading at $51,110, about 26% from all-time high above $69,000.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.