853: VETERAN TRADER UNVEILS 'REALISTIC' BEARISH BITCOIN PRICE TARGET, WARNS CRYPTO COULD BE IN TROUBLE!!

Seasoned cryptocurrency trader Tone Vays warns Bitcoin (BTC) traders that the king crypto is at risk of igniting another sell-off event.

"We are below all the moving averages… The [200-day] moving average is about to start declining. That is not a good sign… This is a bad-looking daily chart. If this candle closes below $38,500, it is pretty bad… This arrow [pointing to $25,000] is somewhat realistic…

There is a possibility of a snapback to the [50-day] moving average… We may be double bottoming again with $36,500 and then from there, this disaster can occur."

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