Bitcoin Price At Risk of 45% Crash - Tone Vays

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The veteran crypto trader warns 2018 bear market might repeat, Thus meltdown could be on the horizon for Bitcoin.

According to Vays, Bitcoin has the tendency to confuse traders before making its big move.

As per the trader’s chart, he predicts a massive drop to around the $11,900 area, suggesting a downside risk of over 45% from BTC’s current price

However, “The obvious trade here is a big drop but that doesn’t mean that the big drop will not happen next week or the week after - Says Vays.

Vays believes that Once Bitcoin Price establishes $25,000 as the new floor, then, it’s going to become interesting.