Tone Vays: Bitcoin may drop to USD 2,800

Well-known analyst Tone Vays believes that the fall in the price of bitcoin (BTC) to even 2800 USD is not terrifying for him. If it happens before May halving.

In the latest YouTube video of March 18, the famous trader said he was now watching the BTC chart, but for a support line of $ 2,800.

Vays: "I always expected" USD 2,800 for 1 BTC

In his opinion, BTC may fall to USD 2,800 to May halving. Worse if it happens after this event.

"It's scary after halving; nothing terrible before him, "he summarized his arguments.

"In fact, I always expected this before the prize was split - so [if the BTC] arrives before halving, I don't mind," he added.

Listening to him, one can come to the conclusion that the USD 2800 practically means the end of his forecasts. Vays added that last week USD 3,700 was probably "close enough" to the bottom.

Vays is not alone in his opinion

According to the analysis of another trader, Willy Woo, bitcoin may still fall and is still looking for bottom today.

"Fall, and then [fly to] the Moon. (...) BTC is looking for bottom, ”he wrote on Twitter on Wednesday.

"But know that when the bottom is found, strong bulls will come," he added.

the economic environment (...) for which bitcoin was built. "

Halving

Halving in the BTC network is expected to take place in May. Today, however, there is a concern that if the cryptocurrency price does not rise by this time, miners will turn off their excavators and thereby weaken the network, which will become vulnerable to 51 percent attacks. Why? Well, digging is no longer profitable today. After the division of the prize in May - if the price does not clearly jump - it can mean great problems with the security of BTC blockchain, because the network power will decrease due to low mining profitability.