Crypto Analyst Tone Vays Indicates Critical $27K Level for Bitcoin’s Bullish Trend

Experienced crypto analyst and trader, Tone Vays, suggested that despite the largest cryptocurrency’s leap last week, Bitcoin (BTC) remains in the bear region. Here’s Vays’ forecast for BTC and the level he advises monitoring closely. “Bitcoin Must Surpass $27,000” Crypto analyst Tone Vays claimed in his latest strategy session that the recent surge in Bitcoin was not sufficient to ignite a new uptrend. According to the crypto analyst, BTC appears to be in a downward trend after retesting a significant moving average as resistance on the daily chart: Yes, it’s a nice rally, but this nice rally doesn’t mean a bullish trend on a weekly chart. It just doesn’t look very bullish. The price still appears to be in a downward trend, even if this rally and the daily (chart) are the same. It rallied very nicely towards resistance. Let’s see if it can break through both moving averages. It […] The post Crypto Analyst Tone Vays Indicates Critical $27K Level for Bitcoin’s Bullish Trend appeared first on COINTURK NEWS.