Bitcoin to $5k? Tone Vays

[cotton ball]

I was doubting what he said but maybe he was more right than I assumed, dude maybe knows what he is talking about looking at how the bitcoin has been moving in this past week.

I still think 5k is too low for bitcoin to reach but it may get close to it one day if it continues the decline this way. This shows people how we should not have prejudice against people like tone, I was like that and I thought "who is he and why would I care about his predictions?" but now looking at whats going on I feel like dudes interview got featured for a reason because he must be someone known and maybe he knows what he is talking about. I feel like there is a silent barrier around 6k where if it goes under that then we might be in a free fall to 5k but if not breaking 6.5 anymore then we can keep going up.

The resistance at 7000 is proving to be formidable, most likely this has to do with the halving, as soon as the price goes down there are many buyers willing to take the bitcoin out of the hands of those that want to get out of the market, but at the same time the price is finding huge problems to grow, so it seem we are going to be stuck at the current levels for a long time, for traders this is a bad scenario but for investors this is a dream come true, we will be able to buy bitcoin for months for a price that is somewhat stable.

Resistance of bitcoin price between $7000 and $7500 because last three days bitcoin keep stable with above price, for back lower under $5000 I think is not possibility for bitcoin and have resistance keep to higher price again, but in bitcoin everything have chance to be come true where bitcoin suddenly can dump with lower price and have behind to higher price without can't prediction before.

[Wexlike]

*skip*
Resistance of bitcoin price between $7000 and $7500 because last three days bitcoin keep stable with above price, for back lower under $5000 I think is not possibility for bitcoin and have resistance keep to higher price again, but in bitcoin everything have chance to be come true where bitcoin suddenly can dump with lower price and have behind to higher price without can't prediction before.

In the last 3 months, there were 41 days when BTC was up in the daily. Out of these 41 days, 25 times BTC went down the next day and 16 times BTC went up the next day, which means that there was 61% chance of BTC going down after an up day. If we extend this analysis to the last 6 months, it evens out more with 85 up days with 48 subsequent down days (56%) and 37 down days (44%).

But history never repeats itself.

[STT]

Right this moment BTC looks like its making many attempts to break upwards on multiple timeframes.  



Its still below some resistance but its also above the 8 day and 30 day averages which means it retains some momentum.   It'll be squeezed between those two paths, to fail the MA or it could be pushed over the line and upwards.  
  Since this is the weekend I'll wait till we hit the first waves on Japanese markets opening which is late Sunday for alot of us.  When we enter the working week I would then take things a bit more seriously and also MA continues no matter what as BTC trading never closes ever.  
  When we have consensus across many timeframes it can be like turning a key in a lock and we proceed from where we were first blocked but thats still a maybe, its just a possible scenario I'm thinking of.   Upwards here would seem to end Vays predictions as many think 2020 is a bullish year.  

[dragonvslinux]

Right this moment BTC looks like its making many attempts to break upwards on multiple timeframes.   



Its still below some resistance but its also above the 8 day and 30 day averages which means it retains some momentum.   It'll be squeezed between those two paths, to fail the MA or it could be pushed over the line and upwards.   
  Since this is the weekend I'll wait till we hit the first waves on Japanese markets opening which is late Sunday for alot of us.  When we enter the working week I would then take things a bit more seriously and also MA continues no matter what as BTC trading never closes ever. 
  When we have consensus across many timeframes it can be like turning a key in a lock and we proceed from where we were first blocked but thats still a maybe, its just a possible scenario I'm thinking of.   Upwards here would seem to end Vays predictions as many think 2020 is a bullish year. 

I'm noticing price has moved above the 50 Day MA that hasn't happened since October 26th 2019 / $8,900 which is a positive sign.
For me it needs to get above $8,400 and out of the bearish channel, otherwise it's still bearish on Weekly view and merely moving to the anticipated selling target, even if bullish on Daily and lower time-frames. The 200 Day is still up very high around $9,250, not convinced we'll break and stay above that very easy though 
Of course, the bottom could be in, this could be accumulation (I believe it is), or we could go lower.
Same story, different month 

[Barbut]

Nothing is confirmed yet that's all speculations and nothing more no one really knows if bitcoin will go down to that level, but if bitcoin doesn't manage to close its weekly candle in or above the key support then we should expect a bearish movement to occur most likely and the price could dump all the way up to the $5000 levels. It will also act as an opportunity to buy in the lows, however. I wish it drops that much so that i could pick up some cheap corn.

It's why we call it speculation, change can happen, but not necessarily. I don't think that Bitcoin's price will go so low, a couple of days ago Bitcoin was under $7,000 for a moment on CMC, but now we are at $7,470. Bitcoin has some bullish momentum, and as we can see the price changed direction and jumped for $500 in a very short period of time. We are running away from $5,000 mark, with big steps.

[STT]

We hit the open waters of the first main market trading day and its rough weather.   Its a fair bet we pull back from that resistance line seems like :



So we are a bit iffy on the 50 day moving average right now and blue line above is the 2 day so its a bit off kilter short term.   I think the last low of 7256 is where (if we make a new low) its looking more bearish beyond the initial shock from cold waves of the week open.   It could easily still beat the 50 day, the weekly bars are more accurate but if it wavers about here its par for the course.

[TheAndy500]

It looks like Bitcoin has returned to very important $7500 support. It is possible that it will stay at this price, but for me it is more likely that we will see another big dump price before the beginning of increases. I don't know if it will fall to $5000, because in my opinion a much lower fall is more likely.

[matchi2011]

Nothing is confirmed yet that's all speculations and nothing more no one really knows if bitcoin will go down to that level, but if bitcoin doesn't manage to close its weekly candle in or above the key support then we should expect a bearish movement to occur most likely and the price could dump all the way up to the $5000 levels. It will also act as an opportunity to buy in the lows, however. I wish it drops that much so that i could pick up some cheap corn.

Each downward movements always been a good chance to accumulate and those who understand the benefits are their to harvest all those dumped
coins coming from the weak supporters. If there's no wide support from strong investors then the chance to fall is really possible, make sure to have
enough funds so you won't bothered if ver you are holding your assets best to buy if you have spare money.

[smyslov]

After he posted this video I've checked the price if there is an indication that it will go $5000 but there was no indication and on the current price of $7500 right now, there is also no indication that it will go down, although I'm not ruling out a dip because there are unforseeable events that we have no control of, but I don't think it will go down to $500 level.

[drachman]

After he posted this video I've checked the price if there is an indication that it will go $5000 but there was no indication and on the current price of $7500 right now, there is also no indication that it will go down, although I'm not ruling out a dip because there are unforseeable events that we have no control of, but I don't think it will go down to $500 level.

During the past days we had very positive movement for bitcoin but now we are experimenting a correction, it is interesting to see how low bitcoin will go down this time, even if bitcoin reaches 7500 again this could be the first indication that the bear market in which we have been for months may finally be over, this could mean that during the next months the price could begin to range in preparation for the increase in the price everyone is expecting during the halving.

[STT]

We're way up consistently for a while now.     Its had alot of momentum since year start and the only faltering I really see is the loss at times of the 2 day average but its kept the weekly average which is the real short term line for a strong positive phase.    Its slightly extended now, it could pull back and still be quite bullish to continue and I have to predict that its going to be attempting the 200 day before any idea of returning to the 50 day to confirm pricing there.  



Here 2 day is blue and orange is a roughly weekly moving average, above there I keep expecting it to in sum total stay positive and repeatedly resolve upwards.

[Wexlike]

Nothing is confirmed yet that's all speculations and nothing more no one really knows if bitcoin will go down to that level, but if bitcoin doesn't manage to close its weekly candle in or above the key support then we should expect a bearish movement to occur most likely and the price could dump all the way up to the $5000 levels. It will also act as an opportunity to buy in the lows, however. I wish it drops that much so that i could pick up some cheap corn.

The efficient-market hypothesis seems to have this funny contradictive aspect, that people who don't believe in it are themselves pricing in future events because they believe they still have an edge, while those that do believe in the EMH don't price in events themselves because they believe they can't beat the market in that way.

Anyway, what support levels are you talking about ? $5k levels seem to be far off right now. We just broke out of the channel and are looking for confirmation. But we broke out of the channel on the downside as well without really punctuating it any further. I'm calmly bullish for now without any trade in mind. Just holding.

[potatopower]

Nothing is confirmed yet that's all speculations and nothing more no one really knows if bitcoin will go down to that level, but if bitcoin doesn't manage to close its weekly candle in or above the key support then we should expect a bearish movement to occur most likely and the price could dump all the way up to the $5000 levels. It will also act as an opportunity to buy in the lows, however. I wish it drops that much so that i could pick up some cheap corn.

[STT]

5k is increasingly unlikely.   What I think happened is the same thing as start of 2019 where Tone Vays was correct to some extent in a bearish bias to price but he overcooked it and went a little too negative.
    I'm massively bearish on alot of things, a pessimist, disbelieving every positive trend as lasting, far more negative then I should be while knowing how powerful technology is.    I'm very often wrong in this giant greenhouse constructed to cook every price upwards, made by the FED.   That is dollar inflation and lax standards, this is such a elephant in the room its wonder we manage to ignore it somehow but money has never been as cheap as it is now for many hundreds of years.
  We'd have to go back to some kind Game of Thrones scenario with giant chaos upsetting generations of trade and massive dilution of monetary standards via some vast gold discovery or similar disruption to pricing.  The Spanish conquest and discovery of new gold and silver mines for example or the pilgrimage to Mecca of Mali’s king, Musa I who spent so much of the nations gold in every country he changed prices for generations after.
   We are living in quite unique times I think, not just tech but the change in bias away from FIAT.  So I dont blame Tone Vays, he'd be right under normal lighting but this is a meteor storm in the dead of night and 5k is quite likely wrong.   BTC price has to reverse quite quickly here and fail (false break up perhaps) 200 day average badly to give any credence to this prediction.

[pooya87]

certain prices are simply not going to happen under normal circumstances. a price as low as $5k requires a massively horrible thing to happen in bitcoin world for such a drop to happen at this point. something like Coinbase scamming all of its users for example! otherwise we are  currently on a rising momentum that started at the beginning of 2020 and is the continuation of the 2019 bull run that is growing in both speed and size as we get closer to halving and both adoption and hype increases.

[barabarian1]

it is only a prediction that can be true or false. everything is possible in the bitcoin market. This year there are some bitcoin investors who predict that bitcoin will be reduced by half this year, which will make bitcoin prices go down. but looking at its current development I doubt bitcoin will fall at the price of $ 5k. let's wait what will happen after bitcoin is reduced by half?

[Ferris419]

I thought the same that Bitcoin price will go down before rising up highly. I have been thinking this since March 2019, but Bitcoin price did not go back to 5K USD yet! As the halving date is coming I don't think BTC will fall down to 5K USD anymore! Maybe the 6800 USD was the bottom to start a new journey to hit a new high!

[btccashacc]

everyone has their own opinions, their predictions can be right or perhaps can be wrong. If you look at the current price, the price tends to rise slowly, if the price drops maybe it's just a correction. I don't think prices will touch 5000 USD at least before halving takes place, nowadays people are collecting bitcoin as much as they can and this is due to halving wich only 4 months left.

[dragonvslinux]

I think it's still very much possible to get to the $5K area, around $5.5K maybe. Less likely now we are above $8K, but still entirely possible (while remaining long-term bullish).

[Wexlike]

I think it's still very much possible to get to the $5K area, around $5.5K maybe. Less likely now we are above $8K, but still entirely possible (while remaining long-term bullish).

We are out of the downwarding channel in the monthly. To reach the $5k area, we would have to break back in to the channel and move all the way down to the bottom of it, and that we have to do in the halving pregnant headline area. Won't happen.

I really hope you're not betting significant money on this $5k idea.