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Bitcoin Is Consolidating And Getting Ready For A Big Move, Tone Vays Says

Bitcoin recently had some investors freaking out when it dropped in price under $50k. At the moment of writing this article, BTC is trading in the green, and the king coin is priced at $50,093.48.

There have been all kinds of predictions made about the price of BTC, and Tone Vays is dropping a bullish one. Check it out below.

Someone commented: “The market sentiment with this new administration taking over and wanting to raise taxes. tax more of the rich and people that are getting rich. Will lead them #bitcoin 100k imminent.”

Another follower said: “I haven’t been on Twitter in forever. I just came here to say thank you, Tone on your awesome analysis as always. You keep it 100 all the time, which is rare nowadays on YouTube.. loving the MRI indicator. Thanks again for it.!”

One other follower said: “$20 Trillion of negative-yielding bonds, $360 trillion of liquid assets globally. Just need less than 1% of this to move into BTC (especially with a multiplier effect) to send it to $300k. I say up.”

Bitcoin in the news

Bitcoin has been making headlines a lot lately, and the king coin made it in the mainstream media for a while ago.

Earlier today, we addressed the Bitcoin bull and whether it can continue for a while or not.

The popular crypto strategist and trader Michaël van de Poppe is looking at the bigger picture to analyze the state of the Bitcoin bull market.

In a new video, he explained that BTC is at the stage where a lot of its market participants are doubting that the bull market will continue.

“We’re currently in a phase where it’s 50/50. There’s a bunch of people expecting a bear market. There’s a bunch of people expecting the bull market to happen. There’s nothing in between,” he said.

He continued and said: “That’s what we call the disbelief phase. So probably, this corrective move for the bears is just the start of the bear market. For the bulls, it’s a corrective period. I think it’s the corrective period.”

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