As Bitcoin (BTC) approaches $ 7,000, trader Tone Vays says Bitcoin (BTC) has a chance to drop below $ 3,800 if current price levels continue.

Expressing his thoughts on BTC / USD through YouTube on March 24, Vays argued that the pair remained at around $ 6,750 resistance.

Vays: Don't expect the bottom level

According to Vays, if Bitcoin exceeded $ 6,800, the probability of plunging to new lows below $ 3,800 would be eliminated - only a 15% chance would remain:

“IF WE RISE OVER 6,800 DOLLARS, THIS CONDITION GIVES A 85% TRUST THAT WE WILL NOT BELOW THIS LEVEL. THAT WHERE THEY LEAVE THIS LEVEL - WE STOP AT THE RESISTANCE LEVEL. ”

 

“I BELIEVE THAT OUR POSSIBILITY TO FALL UNDER 3,800 DOLLARS IS AT 20-25%.”

 

At the time of writing, BTC / USD seems to be gaining momentum towards $ 7,000, but it is trading at $ 6,550.

Vays previously predicted that a potential Bitcoin collapse could fall to the $ 2,000 level before the halving in May.

But now he said it was stupid for traders to avoid entering the market to catch the next bottom level:

“THIS MEANS YOU CAN'T WAIT MORE. YOU CAN'T WAIT TO FALL FOR 3,500 USD - BUT YOU SHOULD HAVE RECEIVED BITCOIN NOW. ”

 

Fed's "unlimited money" can make $ 100,000 seen in Bitcoin

While Vays made his speech, the Fed, who said that he could make “unlimited money printing” after the estimated package of 6 trillion dollars, came to the agenda.

Many commentators, including Binance CEO Changpeng Zhao, emphasize that with financial trends, it will be easier for Bitcoin to reach a market value of $ 2 trillion.

Dan Held, Business Development Director of Kraken, said on Twitter:

“DO YOU THINK ONLY TO MAKE 6,000,000,000,000 USD INCENTIVE PACKAGE FOR A COUNTRY AND DO NOT THINK BITCOIN CAN REACH A MARKET VALUE OF 2 TRILLION DOLLARS? (BTC = $ 100,000) ”