Tone Vays makes its bitcoin price forecasts public again.
This time, during his last YouTube livestream, he said that he believes that if the price of bitcoin fell further, $ 9,000 would be a great level to buy.
He also said that the lowest price, in the worst case at this time, would be $ 7,000.
However, he believes that the most realistic level of the current downtrend is precisely $ 9,000, so he points to this level as a good point to buy.
"The longer Bitcoin stays above $ 10,000, the more bullish Bitcoin will be."
However, it has to be said that Vays is quite famous for his numerous wrong predictions.
The price of Bitcoin according to Tone Vays
In particular, in June he said he was convinced that the price of bitcoin would fluctuate between $ 6,000 and $ 10,000 until next year, while shortly after the price surpassed $ 10,000, even reaching $ 12,000.
Earlier in April, he stated that the price could return to a high of $ 20,000 by the end of 2020, while now he believes that it could return to around $ 12,000.
So, During the course of the year, he already changed his mind a couple of times and it failed several predictions.
In a year of great turmoil in financial markets, like this one, it is indeed very difficult to make predictions, especially when it comes to bitcoin, which is still a very volatile asset.
Also, at this specific time of uncertainty, it is even more difficult to accurately imagine the next moves in the short term, so it should be noted that those proposed yesterday by Vays are actually just hypotheses.
It cannot be ruled out that the decline, which has been going on for about 4 days, could actually continue, as Vays hypothesized. His forecast is in line with other analysts who say it could drop to between $ 8,500 and $ 9,500.
At the moment, for example, there aren't many serious predictions suggesting a collapse to $ 7,000, while Vays's hypothesis that the longer the price stays around $ 10,000, the more bullish the future is shared by several other analysts.